Frasers Group, the owner of Sports Direct, has made a cash offer for Australian off-price marketplace MySale, in which Frasers Group is already the largest shareholder. Frasers acquired a 28.7 percent stake in MySale earlier this summer, as reported by SGI Europe at the time. The retail group has now offered 2p per share for the Australian marketplace, valuing the shares not held by the group at £13.6 million (€15.8 million). The move would allow Frasers Group to increase its presence across Australia and to clear end-of-line products via MySale’s established clearance channel. MySale, launched in 2007, sells branded apparel, shoe, sportswear, accessories, homewares, beauty and lifestyle items at discount prices through three core websites and associated mobile applications, including OZSALE.com.au, NZSALE.co.nz and SINGSALE.com.sg. Frasers Group owns a portfolio of retail brands, including House of Frasers, Sports Direct, and Evan Cycles, among others.

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