HULCAN LTD acquired Matchesfashion Limited from Frasers Group Plc (LSE:FRAS) on December 17, 2025. The transaction includes its in-house brand Raey. A cash consideration will be paid by HULCAN LTD. Hulcan has secured 150 million dollars in strategic capital from a network of fashion and retail investors, including Frasers Group, Francesco Ragazzi and PagsGroup, along with existing Mile backers such as Antler, LVMH Luxury Ventures, the Hermès family, Stefano Rosso and Carmen Busquets.
Hayley Cross, Chris Keen, Julien Amoruso, Christia Malaktou, and Zaheer Nabi of Mishcon De Reya LLP acted as legal advisors for HULCAN LTD.
HULCAN LTD completed the acquisition of Matchesfashion Limited from Frasers Group Plc (LSE:FRAS) on December 17, 2025.
Frasers Group PLC is a sporting goods retailer. The Company’s segments include UK Sports, Premium Lifestyle, International, Property, and Financial Services. The UK Sports segment include core sports retail store operations in the United Kingdom, plus all the Company’s sports retail online business, other United Kingdom-based sports retail and wholesale operations, GAME UK stores and online operations, retail store operations in Northern Ireland, and Frasers Fitness. The Premium Lifestyle segment includes the Company’s premium and luxury retail businesses FLANNELS, Cruise, Van Mildert, Jack Wills, House of Fraser, Gieves and Hawkes, and Sofa.com. International segment includes Company’s sports retail stores, management and operating functions in Europe, Asia and the rest of the world. The Property segment include freehold property owning and long leasehold holding property companies. The Financial services include interest charged on amounts advanced to consumer credit customers.
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