Matches and clothing line Raey have been acquired by Hulcan, which operates MILE, an exclusive member-only luxury shopping app, from Frasers Group.
Commenting on LinkedIn Joe Wilkinson, Co-Founder at Hulcan, said: “We’re excited to share a big milestone. Following strong growth over the past 18 months since launching MILE, we’ve secured $150m to launch Hulcan (hulcan.com), a new luxury group, and acquired MATCHES FASHION and RAEY. (Which we’ll relaunch in 2026!)
We’re bringing brands, media, and technology together into a single ecosystem built for the future of luxury.
Our plans for the relaunch of Matches & Raey will follow in the new year.”
Michael Murray, CEO, Frasers Group said: “Luxury is evolving, and so are we.
That’s why we’re backing Hulcan, the new luxury group founded by Joe Wilkinson and Mario Maher (co-founders of MILE), as part of our continued investment into the future of luxury.
Hulcan will bring together culture, media, and fashion, engaging the next generation of digital luxury consumers. Hulcan has also acquired MATCHES and in-house label RAEY.”
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