Ragtrader Live speaker and Ozsale co-founder Carl Jackson is at the centre of a rumoured million-dollar deal.
Jackson, who co-founded the Australian online shopping website with brother and chairman Jamie Jackson, has sold a 25 per cent stake of the business to British billionaire Sir Philip Green, according to media reports.
Green, CEO of the Arcadia Group which includes Topshop, BHS, and Dorothy Perkins, allegedly made the investment last week for an undisclosed price.
The news follows whispers that the site is set to rename to Mysale, with plans in place to relocate its head office from Australia to London as part of an aggressive international expansion strategy.
Green's investment has also fuelled reports that the Jackson brothers plan to float the Ozsale business on the London stock exchange in the months ahead, after plans for a local IPO fell through.
The windfall is another coup for Ozsale, which has continued its stellar trajectory since launch in 2007, and attracted $14.5 million in funding from US-based venture capital fund Insight Venture Partners in 2010.
Ozsale, which is part of the APAC Sale Group stable, has an annual turnover of about $180 million, and is estimated to be worth more than $500 million.
The site operates as an exclusive private club that organises online sales for premium brands with discounts up to 80 per cent off retail prices.
The site now ships over 15,000 orders a day and achieved revenues of approximately $250 million for the year ended June 30, 2013.
Ozsale CEO and co-founder Carl Jackson is part of the confirmed speaker line-up for the Ragtrader Live 2014 business seminar on August 12, 2014.
For more details and to book tickets to Ragtrader Live 2014, click here.