Strategic Investment in Mysale plc

RNS Number : 7289Q

Frasers Group PLC

30 June 2022

 

Date: 30 June 2022

FRASERS GROUP PLC ("Frasers Group" or "the Company")

STRATEGIC INVESTMENT MYSALE PLC

Frasers Group announces that it has acquired a 28.7% holding in the Australian-based fashion marketplace, MySale plc. MySale connects global buyers and sellers to Australian and New Zealand ecommerce sites.

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.

Ends

Frasers Group plc

Thomas Piper, Company Secretary  T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34  E. [e-mail]

Chris Wootton, Chief Financial   T. 0344 245 9200

Officer  E. [e-mail]

Ronnie Laffar, Head of PR &   T. 07585 886189

Communications   E. [e-mail]

Rosie Oddy, Brunswick Group,  T. 07734 861279

PR Advisors  E. [e-mail]

Numis

Luke Bordewich  T. 020 7260 1000

Ollie Steele

Duncan Wilson

Liberum

John Fishley  T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

END

 

 

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