Home / Knowledge / News / Apparel/Garments / Sir Philip Green acquires stake in flash sales site Mysale
Sir Philip Green acquires stake in flash sales site Mysale
15
May '14
Sir Philip Green, the British businessman and CEO of Arcadia Group, has embarked on a new retail venture by buying 25 percent stake in the Australia-based flash sales site Mysale.
 
According to WWD, the 62-year-old Topshop label owner believes that the online store, which mainly caters for the Southeast Asian and Aussie markets, is a “very, very interesting space”.
 
With plans to foray in the US and European markets through new website launches, Mysale offers men’s, women’s and children’s fashion clothing and accessories, as well as beauty and homeware products at hugely discounted rates.
 
The brand, which conducts daily flash sales with up to 80 percent off on products, also has plans to shift its Sydney-based headquarters to London this year and is set to post annual revenues of around US$ 300 million.
 
The members-only e-commerce site was founded some seven years ago by British brothers Jamie and Carl Jackson.
 
Sir Phillip Green-owned retail giant Arcadia Group operates leading high-street labels like Topshop, BHS and Dorothy Perkins.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search