Frasers Group has secured a 25-year strategic retail agreement with Accent Group that will see its sportswear retailer, Sports Direct, launch across Australia and New Zealand. The company said it is planning to open 100 stores in the region, with further opportunities among other retail and business segments to be potentially explored in the...
15 Apr 2025
After undergoing a lengthy process, Frasers Group has announced that it has acquired 95.35 percent of Mysale’s shares as its offer period for the Australian marketplace's shareholders came to a close. As of November 1, the group said it now owns or has received valid acceptances totaling over 991.5 shares, representing a percentage that will...
3 Nov 2022
Frasers Group has said that it has received a number of valid acceptances to its mandatory offer of MySale shares, as it continues to slowly edge towards a takeover of the e-commerce site. In a regulatory filing, the group announced that it now holds over 691 million shares, representing approximately 66.48 percent of MySale’s entire issued...
27 Oct 2022
Following a series of attempts to acquire the entire ordinary share capital of MySale, Frasers Group has now said its mandatory offer for the marketplace has become unconditional. In a release published through the London Stock Exchange, the fashion conglomerate, which counts the likes of Sports Direct and House of Fraser among its portfolio,...
18 Oct 2022
Frasers Group has urged the shareholders of Australian e-commerce site MySale to accept its cash offer after the group acquired further shares. The acquisition-hungry group, which counts the likes of House of Frasers and Sports Direct among its portfolio, has announced in a regulatory filing that it has purchased an additional 65.4 million...
17 Oct 2022
The board of directors of Australian-based fashion marketplace Mysale have reversed their decision about a potential takeover by Frasers Group and are now recommending shareholders to back the deal. Frasers Group, whose portfolio includes Sports Direct, Jack Wills, and House of Fraser, made a mandatory cash offer to acquire the entire share...
13 Oct 2022
Frasers Group has further increased its stake in Australian fashion marketplace MySale as it urged the company’s shareholders to back its takeover offer. The group said Monday it has acquired 100,000,000 MySale shares from Jackson Family Capital and bought 62,145,385 shares from founder and chair Jamie Jackson. It has also swapped its interest...
3 Oct 2022
Australian-based fashion marketplace Mysale announced Friday that its directors have rejected a takeover bid by British retail giant Frasers Group. Directors at Mysale said the offer did not “reflect an adequate value or premium for control of Mysale and therefore undervalues Mysale and its prospects”. The board has therefore recommended that...
16 Sept 2022
The co-founder of British fashion giant Boohoo has snapped up a stake in Mysale just weeks after Frasers Group offered to buy the Australian-based fashion marketplace. Mahmud Kamani, who founded Boohoo in 2006 alongside Carol Kane, bought over 45 million Mysale shares on August 31, giving him a 4.76 percent stake in the business, according to...
6 Sept 2022
British retail giant Frasers Group has made a cash offer to buy Australian-based fashion marketplace MySale. Frasers Group, whose portfolio of brands includes Flannels, Sports Direct, House of Fraser, and Jack Wills, became the biggest shareholder in MySale when it bought a 28.7 percent stake in the business in June. The group announced...
17 Aug 2022
Acquisition hungry Frasers Group has bought a 28.7 percent stake in Australian-based fashion marketplace MySale. In a brief statement, Frasers Group said it believes the deal will provide it with a “strategic partnership whereby end of line group products can be cleared via an established clearance channel”. It added that “this pipeline will be...
30 Jun 2022
MySale has reported a drop in revenue and underlying profit in the first half of the year as the Australian retail group was hit by supply chain disruption. While the group’s gross profit in the six months to December 31 increased by 3 percent to 24.9 million Australian dollars, supply chain volatility in the second quarter impacted broader...
15 Feb 2022