An online flash sales site which has a distribution centre in Corby, is preparing for a huge UK expansion which could mean more jobs for the town.
Mysale, which employs 100 people at its warehouse in Brunel Road, Corby, has acquired Cocosa.com, another flash sales site, and has just announced its intention to float on AIM (Alternation Investment Market) on the London Stock Exchange this summer.
Flash sales sites sell products at discounted prices for a fixed period of time, usually 24 or 36 hours.
The group, which now employs more than 500 staff in the UK, America and Australasia, was launched in 2007 in Sydney and is headed by brothers Carl and Jamie Jackson, originally from Rutland.
The company plans to raise £40m with the flotation to fund expansion in the UK, including Corby, and the US.
Chairman Jamie Jackson said: “As a group, we have reached a number of milestones in the past 12 months which have taken our business to another level and this is the next stage in that journey.”
The company’s sales feature more than 2,500 leading brands and goods are shipped all over the world from Corby, where it also has design studios creating online material.
Chief executive Carl Jackson said: “Having built a growing and profitable business from our established sites in Australia, New Zealand and South-East Asia, we have now established an office in the UK to take advantage of the significant opportunities available in the US and UK markets.”