LONDON As Matches grinds its way through a bankruptcy process under administrators Teneo, brands and suppliers have been tapping lawyers to help them recoup outstanding payments and warehouse stock although they may come away disappointed.
Were trying to find a constructive, commercial solution, but its hard to get a dialogue going because the people we originally partnered with are all gone, said Ulrik Garde Due, chairman of the Danish brand Cecilie Bahnsen, a longtime Matches supplier.
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Although the brands lawyers are in touch with the administrators, the process still has to play out before anything is resolved. Administration can take up to a year, although industry sources believe the team at Teneo Financial Ad…
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