MySale Group announced non-exec director Mark Bayliss has resigned with immediate effect. The fashion and lifestyle retailer linked his departure to the withdrawal of a proposed listing on the Australian Stock Exchange.
MySale has a new chief executive who’s stepping up at a time when the online international fashion and lifestyle retailer’s targeting an Australian listing and is “positioned for strong growth in FY22 and beyond”.
Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Profitable and debt-free are two elements to any results statement worth opening with in Covid-crushed times like these. So it’s little wonder Australia-based e-tailer MySale Group was in an upbeat mood Thursday.
Half-year results for MySale Group on Wednesday looked weak. But the firm also said it’s been boosted by current market volatility with more product available to it and more brands wanting to sell via its marketplace.