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Flash Sale site SecretSales has been sold to the newly launched platform business Lifestyle Retail Group (LRG) for an undisclosed amount, and is relaunching as a “360-degree retail platform” later this year.
The founders of flash Sales site SecretSales, Nish and Sach Kukadia, have completed a management buyout of the company, alongside new investor Big Ideas Group.
SecretSales has confirmed it is making a “number of roles” redundant following a review of the business, just three weeks after the flash Sale site was sold to Excalibur Group.