MySale
This coverage examines MySale’s strategic developments and its acquisition by Frasers Group, offering insights for UK retail professionals overseeing international ecommerce, brand liquidation, and omnichannel operations. It reports on Frasers Group’s £13.6m acquisition of MySale in November 2022, following a contested offer process. The reporting also addresses MySale’s prior restructuring efforts, including the sale of its UK platform Cocosa to BrandAlley and the closure of its UK and US operations. Additionally, it explores how MySale’s integration into Frasers Group serves as a strategic channel for off-price inventory clearance and supports Frasers’ expansion into the Asia-Pacific region.
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Dec- 2022 -13 DecemberClothing & Shoes
Frasers Group snapped up I Saw It First for £1
Frasers Group has revealed that it acquired online retailer I Saw It First for a cash sum of only £1 earlier this year. In its latest interim results for H1, Frasers said the brand owed £13m to shareholders at the time of its takeover. As part of the transaction, which…
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Oct- 2022 -27 OctoberOnline & Digital
Frasers takeover of MySale nears completion
Frasers Group has moved closer to completing its takeover of MySale, having received acceptance for more shares of the Australian marketplace. The Sports Direct owner currently holds 691,327,967 MySale shares, representing 66.48% of MySale’s entire issued share capital. As of 26 October 2022 however, Frasers said it owns or has…
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13 OctoberOnline & Digital
MySale asks shareholders to accept Frasers offer
The board of MySale has asked its shareholders to accept Frasers Group takeover offer despite it “unanimously believing” that it undervalues the company. The news comes after Frasers made a cash offer by Frasers for the entire issued and to be issued ordinary share capital of MySale, at 2 pence…
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12 OctoberClothing & Shoes
Frasers acquires minority stake in N Brown
Frasers Group has revealed it has acquired a 4.54% stake in fashion retailer N Brown, according to the latest holding documents filed by the company. The pureplay retailer’s brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain to this…
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3 OctoberHigh Street
Frasers urges MySale shareholders to accept offer
Frasers has published a letter in which it urged MySale shareholders who have not yet accepted the mandatory offer to do so “as soon as possible” so as to be received or settled by no later than 1.00pm on 1 November 2022. It comes after Frasers announced that, as at…
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Sep- 2022 -26 SeptemberClothing & Shoes
Frasers makes mandatory offer for MySale
Frasers Group has made a mandatory cash offer for the entire issued and to be issued share capital of Australian online fashion discounter MySale, for shares which are not already owned by Frasers or any persons acting in concert with it, at a price of 2p per MySale share. Frasers…
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16 SeptemberClothing & Shoes
MySale rejects Frasers Group takeover bid
MySale’s directors have rejected a takeover bid from Frasers Group, whose offer to acquire the remaining shares of the Australian marketplace for 2p per share was said to undervalue the business. Frasers had previously acquired 270,666,650 MySale Shares at 2p per share on 29 June 2022, becoming MySale’s largest shareholder…
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Aug- 2022 -18 AugustClothing & Shoes
Frasers makes cash offer for MySale
Mike Ashley’s Frasers Group has made a cash offer to acquire a 100% stake in Australian online marketplace MySale for 2p per share. The offer values the entire issued and to be issued share capital of MySale not currently held by Frasers Group at approximately £13.6m. On 29 June 2022,…
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Jun- 2022 -30 JuneNews
Frasers acquires minority stake in fashion marketplace MySale
The Frasers Group has announced that it has acquired a 28.7% holding in the Australian-based fashion marketplace, MySale plc, for an undisclosed sum. MySale connects global buyers and sellers to Australian and New Zealand e-commerce sites. The group said that this pipeline will be further enhanced by the benefits of…
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Feb- 2022 -15 FebruaryOnline & Digital
MySale revenues dip amid inventory challenges
International online retailer MySale has announced that revenues fell by 6% to A$59.7m (£31.5m) in the six-month period to 31 December 2021, following a changing sales mix and growth of the marketplace channel. Gross Merchandise Value increased by 36% to A$86.7m (£46m) however, reflecting progress in scaling the group’s off-price…
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