13.05.2014
Arcadia owner, Sir Philip Green, has bought a 25 per cent
stake in online fashion site Mysale.com. The site sells an array of men’s and
women’s fashion along with homeware and beauty products at discount prices via
a daily flash sale. It’s based in Australia but is set to take off in June when
a new website launches in the UK. Mysale.com was founded seven years ago and
achieved sales of £102 million in the year to June 2013, its headquarters will
relocate from Sydney to the UK later this year. Green will also be using the
company to sell excess stock from some of the Arcadia brands, including Top
Shop and Miss Selfridge.
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