Frasers Group goes Down Under to fashion acquisition

Shirebrook-based Frasers Group has taken a major stake in an Australian fashion marketplace.

The Mike Ashley-headed firm has swooped for 28.7% of MySale, which connects global buyers and sellers to Australian and New Zealand ecommerce sites.

A statement from Frasers Group said: “The group believes this creates an opportunity for a strategic partnership whereby end of line group products can be cleared via an established clearance channel. This pipeline will be further enhanced by the benefits of counter seasonality between the European and Australian climates.”