00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:10 Matches fashion will be put into administration after parent company Fraser's said it was
00:15 unwilling to provide the money needed to keep the business going.
00:19 Matches which according to its latest accounts employs around 700 people was making losses
00:25 and missing its targets according to Fraser's.
00:29 Sports direct owner Fraser's said the money needed to keep matches running would be in
00:33 far excess of what it thinks is viable.
00:38 Fraser's only bought matches in December in a deal worth £52 million.
00:42 It's an update this morning that matches fashion will be put into administration after its
00:48 parent company said it was unwilling to provide the money needed to keep the business going.
00:53 My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
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