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

Fashion | On 26th Jul 2016

Finally, Myntra buys Jabong

Putting an end to months of speculation, online fashion e-retailer...

Apparel/Garments | On 26th Jul 2016

British clothing retailers face Brexit double whammy

With online rivals already giving them a hard time, Britain's major...

Courtesy: Chanel

Fashion | On 26th Jul 2016

Chanel acquires 4 silk companies to firm up supplies

Continuing its trend to secure access to high-end raw materials,...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

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

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search