MARKET REPORT: Sir Philip Green and Mike Ashley nurse £55m loss on MySale punt but Australian start-up does finally turn a profit



It's been a torrid year for Sir Philip Green and Mike Ashley, but they can take consolation from a start-up venture they backed two years ago which has finally turned a profit – though they are nursing paper losses of around £55million.
Each invested in Australian online retailer MySale when it listed on the UK market in 2014.
MySale runs so-called flash sale sites in Australia, New Zealand, Asia, the US and UK. 
The business sources products including clothing, health and beauty goods and travel, and holds short-term sales. Mike Ashley’s retail outfit Sports Direct has a 4.8 per cent... read more

 
28 September 2016 in Business, Views: 45
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
                1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31