THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Frasers Group acquires minority stake in MySale

Sports Direct and House of Fraser owner Frasers Group has acquired a 28.7% stake in the Australian-based MySale fashion marketplace for an undisclosed sum. MySale offers… View Article

FASHION RETAIL NEWS UK

Frasers Group acquires minority stake in MySale

Sports Direct and House of Fraser owner Frasers Group has acquired a 28.7% stake in the Australian-based MySale fashion marketplace for an undisclosed sum.

MySale offers a selection of branded fashion, beauty and homewares products through three core websites including OZSALE.com.au, NZSALE.co.nz and SINGSALE.com.sg.

In a statement, Frasers Group said: “The group believes this creates an opportunity for a strategic partnership whereby end of line group products can be cleared via an established clearance channel. This pipeline will be further enhanced by the benefits of counter seasonality between the European and Australian climates.”

Earlier this month, Frasers Group upped its stake in luxury fashion brand Hugo Boss and has also recently acquired the Missguided fashion retailer out of administration. 

In separate news, MySale has announced that senior independent director Charles Butler is to step down in September.

Butler has been on the board of MySale since October 2017, when he was appointed as a non-executive director. In December 2018, he became non-executive chairman which involved overseeing the group’s successful recapitalisation and restructuring. He then moved to the senior independent director role in October 2021.

Carl Jackson, non-executive chairman of the group, said: “Charles has made a significant contribution to MySale over the last five years. He was instrumental in the Group’s successful recapitalisation and restructuring in 2019 and has overseen the strategic progress we have made in our marketplace-focused model since. I would like to thank him for his contribution and counsel over the years and wish him all the best in his future endeavours.”

Subscribe For Retail News