Matchesfashion administration: Burberry, Gucci and Saint Laurent among creditors owed £36m

Burberry, Gucci and Saint Laurent are among the creditors owed £36m following the collapse of Matchesfashion last month.
The luxury ecommerce platform owes money to more than 500 unsecured creditors, with hundreds of suppliers likely to receive less than a penny in the pound.
Administrators at Teneo said in a new report that creditors are unlikely to be paid back and if they are, the amount would be “very low”.
“On present information, it is unlikely that sufficient funds