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Frasers Group PLC (FRAS)

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Thursday 30 June, 2022

Frasers Group PLC

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. [email protected]

 

Chris Wootton, Chief Financial   T. 0344 245 9200

Officer  E. [email protected]

 

Ronnie Laffar, Head of PR &   T. 07585 886189

Communications   E. [email protected]

 

Rosie Oddy, Brunswick Group,  T. 07734 861279

PR Advisors  E. [email protected]

 

Numis

 

Luke Bordewich  T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John Fishley  T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

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