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Matchesfashion to hit £425m sales in 2019

Matchesfashion.com has forecast that its turnover will more than triple over the next four years, reaching £425m by 2019.

The luxury retailer will hit £130m in sales this year and expects turnover to increase by 30% to 35% every year for the next four years, it told The Telegraph.

Approximately 85% of its sales are made online and 75% of all sales are from overseas. The business is planning to introduce an app and sites in other languages to meet demand.

Matchesfashion.com stocks 400 designers, including Gucci and Yves Saint Laurent, and holds the exclusive UK licence for Diane von Furstenberg.

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