MatchesFashion.com founders buy Trousdale Estates home for $24M

The property sold 13 percent below ask

TRD LOS ANGELES /
Dec.December 12, 2017 02:00 PM
Tom and Ruth Chapman, renderings of property on 335 Trousdale Place (Credit: Getty Images, Redfin)

Let’s hope they have plenty of closet space.

Tom and Ruth Chapman, the British founders of online shopping merchandiser MatchesFashion.com, dropped $24 million on a sprawling compound in the wealthy Trousdale Estates area of Beverly Hills.

The property sold 13 percent below its $27 million June asking price, the Wall Street Journal reported.

The couple sold a majority stake in their company to Apax Partners in September in a deal that reportedly valued the e-tailer at $1 billion.

Following a four-year long renovation, the modern-looking property includes five bedrooms and seven bathrooms over 6,230 square feet of living space. Amenities at the sprawling, one-story pad include an expansive swimming pool and jacuzzi, outdoor lounge area, media room and views spanning from Downtown Los Angeles to the Pacific Ocean.

Billionaire heir Kevin Washington, son of Montana businessman Dennis Washington, was the seller. He purchased the home in 2012 for nearly $10 million, property records show.

Branden and Rayni Williams of Hilton and Hyland had the listing. Dena Luciano of Douglas Elliman represented the Chapmans.

The Chapmans are co-founders and former executives of Matches Fashion, which sells designer-brand clothing to online shoppers in more than 170 countries, according to its website. [WSJ] – Natalie Hoberman


Related Articles

arrow_forward_ios
Eva Chow and 133 S Mapleton Drive (Getty, Realtor)

Eva Chow’s supersized Holmby Hills mansion gets another price cut

Eva Chow’s supersized Holmby Hills mansion gets another price cut
Gene Simmons of Kiss (Credit: Per Ole Hagen/Redferns via Getty Images)

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion

Escape from LA: Kiss’ Gene Simmons lists Beverly Hills mansion
Wayne Gretzky and his wife Janet Marie Gretzky with the home (Credit: Google Maps and Allen Berezovsky/WireImage via Getty Images)

“The Great One” lists Thousand Oaks mansion

“The Great One” lists Thousand Oaks mansion
Katy Perry and Orlando Bloom (Credit: Phillip Faraone/Getty Images)

Katy Perry and Orlando Bloom buy big in Montecito

Katy Perry and Orlando Bloom buy big in Montecito
Steve Levitan and the home (Credit: Jason LaVeris/FilmMagic via Getty Images and Google Maps)

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad

Steve Levitan of “Modern Family” fame asks $16M Malibu beach pad
Jack Giarraputo and the house (Credit: E. Charbonneau/WireImage for Sony Pictures-Los Angeles via Getty Images, and Douglas Elliman)

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M

Shovel-ready in Malibu: Producer Jack Giarraputo lists land for $32M
From left: David Parnes, James Harris, Tracy Tutor, Josh Flagg, Josh Altman, and Hiten Samtani

“Million Dollar Listing” stars dish on LA’s luxury market

“Million Dollar Listing” stars dish on LA’s luxury market
Chuck Lorre and the home (Credit: Emma McIntyre/Getty Images, and Google Maps)

Producer Chuck Lorre buys again in Pacific Palisades

Producer Chuck Lorre buys again in Pacific Palisades
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...