A co-founder of fashion giant Boohoo has been revealed as an investor in Australian flash sales site MySale.
Mahmud Kamani has a 4.76% stake in the company which also counts the likes of Philip Green among its shareholders.
The news comes after Frasers Group, the retail empire controlled by billionaire Mike Ashley, made an offer for MySale last month.
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Frasers Group is already MySale’s largest shareholder with a holding of 28.7%. It offered 2p per share for the online retailer which valued the shares it does not hold at £13.6m.
In a statement issued on August 17, MySale said its board would "evaluate the offer and make a further announcement in due course".
Frasers Group snapped up its stake in MySale towards the end of June for an undisclosed sum.
A statement issued by the group, which owns the likes of Sports Direct, added: "Through the combination of the resources available to Frasers Group and the capabilities of the MySale business, Frasers Group believes the offer can accelerate Frasers Group's global growth strategy, enhance its operational capabilities and its offering to consumers and provide a platform from which to explore further opportunities for investment in retail opportunities in Australia and the surrounding regions."
Newly-filed documents with the London Stock Exchange have also confirmed that Harold Tillman, who was formerly head of Jaeger and Aquascutum, also has a stake in MySale of 1.26%.
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