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Frasers Group acquires minority stake in fashion marketplace MySale


Frasers Group acquires minority stake in Australia's MySale
Founded in 2006, MySale is a leading international online retailer.
// Frasers Group acquires a 28.7% holding in Australian fashion marketplace MySale
// Frasers did not divulge any financial terms relating to the deal

Frasers Group has acquired a 28.7% holding in Australia-based fashion marketplace, MySale for an undisclosed sum.

The retail giant said it believes the acquisition of MySale creates an opportunity for a strategic partnership that will allow end-of-line products to be cleared via an established clearance channel.

The FTSE 250-listed company added that the pipeline will be further enhanced by the benefits of counter-seasonality between the European and Australian climates.


Frasers did not divulge any financial terms relating to the deal.

Last week, the group upped its stake in luxury fashion brand Hugo Boss.

The Sports Direct-owner now holds 3.4 million shares of common stock, which represent 4.9% of Hugo Boss’s share capital, and 18.3 million shares of common stock via the sale of put options, representing a further 26% stake.

Frasers Group values its total stake in Hugo Boss, including the put options, at approximately £770m.

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