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'Bidding war' over Matchesfashion

Private equity companies have reportedly been involved in a “bidding war” over Matchesfashion, driving the price tag up to £800m.

Private equity firms including Permira, KKR and Apax are thought to be bidding for the retailer which was previously valued at £600m, Sky News reports.

Final offers for the business are expected to be tabled imminently.

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