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.
Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.