By Laura McGuire Mike Ashley’s Frasers Group is putting Matches Fashion into administration less than three months after buying it in a cut-price deal worth £52m. In a statement, the retail behemoth said the business has “consistently missed its business plan targets” despite support from the group. Frasers added that while Matches management team has tried to find a way to “stabilise the business”, it discovered “too much change would be required to restructure it, and the continued funding requirements would be far in excess of amounts that the group considers to be viable.” “In light of thi…