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 28th Sep 2016

CMAI inks MoU with Chinese textile trade body CCCT

Indian apex clothing association, the Clothing Manufacturers...

Textiles | On 28th Sep 2016

India sees largest gain on WEF’s Competitiveness Index

India has shown the largest gain made by any country on the World...

Textiles | On 28th Sep 2016

Oerlikon to show new yarns and fibres at ITMA+CITME expo

The Oerlikon Manmade Fibers segment, the world market leader for...

Interviews View All

Veronique Lee
Modavanti

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search