Sir Philip Green Takes Stake In


Sir Philip Green has taken 25% stake in the website The online site features flash deals and discounts from well-known men’s, women’s, and children’s fashion, accessories, beauty, and household items. Founded by British brothers Jamie and Carl Jackson seven years ago, the site was based, and currently operating the bulk of its business in Southeast Asia and Australia. However, Mysale is broadening its horizons. Set to take on the U.S. and Europe in just a few short months, the site will be moving their headquarters from Sydney to London.
The site currently has 10 million members and is still counting about 200,000 more each month! Set to post its revenues of about $300 million this year, the site only owns about 10% of the inventory listed – something that Green has taken a liking to, telling WWD “Ninety percent is sold before they even buy it. I like that model”.

The businessman has already made a deal with the company to sell stock from brands under the Arcadia name, of which he is the CEO. This umbrella includes Topshop, Miss Selfridge and Wallis, tells the Financial Times. As the news of Green’s investment became known in the Sunday Times of London, the retailer has now become apart of their Super-Rich List of Britain-based Billionaires, which will become available in detail this Sunday.

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