Up-to-date coverage of the latest events in UK retail.

MySale completes Cocosa disposal

Australian flash sales business MySale has completed the disposal of UK website cocosa.co.uk to Brandalley.

Cocosa was MySale’s main British ecommerce site, but accounted for just 5% of the group’s total revenue. The sell-off allows the business, which counts Sir Philip Green and Mike Ashley as shareholders, to focus on the Australian and New Zealand markets.

MySale boss Carl Jackson said: “With this disposal complete we can accelerate our ‘ANZ First’ strategy, which leverages our market position in the region. Whilst trading conditions present significant challenges we continue to target cost reductions.

’’This more streamlined and focused approach, will allow us to provide an improved offering for both our customers and brand partners.”