Mike Ashley’s retail empire Frasers has continued its buying spree by snapping up an almost 30% stake in the Australian-based fashion marketplace MySale.
Frasers Group said it acquired a 28.7% shareholding in MySale, which connects buyers and sellers across the globe to ecommerce sites in Australia and New Zealand, for an undisclosed sum.
Frasers said the acquisition “creates an opportunity for a strategic partnership whereby end of line group products can be cleared via an established clearance channel”.
