All MySale articles
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ArticleFrasers calls FY24 ‘a breakout year’ for future growth
Frasers Group, citing its strengthened brand partnerships and the ongoing execution of its “Elevation Strategy,” is eying £575–£625 million in annual adjusted profit before tax for the current fiscal year ending in April 2025.
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ArticleFrasers confident in strategy despite short-term challenges for premium lifestyle biz
UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...
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News briefsFrasers sets deadline for investors to accept offer for MySale after acquiring 50% of shares
Following MySale’s recommendation to its shareholders to accept the takeover offer last week, Frasers Group has now announced that it acquired 524,907,830 MySale shares at the close of business on Oct. 17 – representing approximately 50.59 percent – and that the offer for Australian retailer is now unconditional after crossing ...
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News briefsMySale recommends shareholders accept Frasers buyout offer
MySale has recommended its shareholders accept Frasers Group’s offer to buy the stake in the online shopping group it does not already own, despite maintaining their belief that the bid price undervalues the company. Frasers has offered 2 pence in cash per remaining MySale share. The Australian fashion group said ...
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News briefsSports Direct’s owner wants to buy MySale
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 ...
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
