Hulcan co-founders Mario Maher and Joe Wilkinson have bought the intellectual property of defunct London e-tailer Matches and its label Raey and said they will relaunch both next year, after acquiring the brands from Frasers Group.Hulcan said it has secured $150 million in strategic capital from backers including Frasers Group, Francesco Ragazzi and LVMH and plans to fold its members-only app Mile and the founders' previous venture Heat into a digital-first, highly curated omnichannel platform focused on collaborations and community.The relaunch follows Frasers' turbulent stewardship, which saw Matches placed into administration with more than 270 redundancies and reported creditor claims of about £50 million after a £52 million takeover and an IP repurchase for £20 million plus VAT, and Laura Weir of the British Fashion Council said she hopes the project restores a route to market for U.K. designers.