Flash sales website BrandAlley UK has completed a UK management buyout, backed by private investors from existing shareholders News International and BrandAlley France.

Bruce MacInnes, previously chairman of sports data group RunningBall, and head of TMT Investment Banking at Investec, will become the new chairman.

"As we set out on a new path as an independent company, we will look to build upon our success to date and continue to offer our members the best brands at fantastic prices," said BrandAlley UK CEO Rob Feldmann.

"We are delighted to have the expertise of Bruce MacInnes as chairman as we move
into the next phase of our development. These are exciting times for everyone involved with BrandAlley UK."