Online flash sales company MySale today reported a 5% sales rise as it named UK ecommerce veteran Iain McDonald as its new non-executive chairman.
McDonald is a partner in the William Currie Group of Companies which has invested in businesses including Asos , The Hut Group – where he is a non-executive director – and MetaPack . He is also a non-executive director at Atterley Road and Houseology.com.
MySale was founded in Australia and expanded into South East Asia before last year moving its headquarters to the UK, listing on the London Stock Exchange and launching new websites in the US and the UK.
Today it said revenues for the year to June 30 would come in at A$235m (£110.4m), 5% ahead of the same time last year. It also said it would break even in the second half of the year after focusing on reducing costs and improving profit margins.
Chief executive Carl Jackson said: “MySale is focused on profitable growth and we are pleased with the progress achieved over the last six months. We are delighted that Iain McDonald has joined as chairman, bringing a wealth of online retail and significant UK capital markets experience.”