Frasers Group launches $222m takeover offer for Accent Group

The offer, revealed done the Australian Securities Exchange (ASX), values the Accent shares not yet held by Frasers astatine astir A$316m ($222m).

Frasers, which besides owns Sports Direct, presently owns 22.90% of the issued stock superior of Accent.

The projected transaction is acceptable to commence astatine the commencement of trading connected the ASX connected 30 June 2026 and is scheduled to tally until the adjacent of trading connected 30 July 2026, unless it is extended oregon withdrawn.

In its filing connected the London Stock Exchange, Frasers Group stated that the bid carries nary conditions.

The institution has filed its Bidder's Statement with the Australian Securities and Investments Commission and has served this papers to Accent.

The connection volition proceed successful accordance with the presumption acceptable retired successful the Bidder's Statement.

Financial services steadfast Barrenjoey Markets has been appointed arsenic Frasers' broker for this offer.

From 15 June 2026, Barrenjoey Markets volition run successful the marketplace to get Accent shares astatine the connection terms during mean trading hours connected the ASX oregon Cboe Australia.

Accent shareholders tin merchantability their shares to Frasers astatine the specified terms and volition person currency outgo 2 trading days aft the sale.

Headquartered successful Richmond, Victoria, Accent operates successful the apparel and footwear show and manner assemblage crossed Australia and New Zealand.

The institution has implicit 850 stores and manages 34 brands, with much than 30 associated websites. Accent besides holds exclusive organisation rights for 15 planetary brands successful its markets, including names specified arsenic The Athlete's Foot, Platypus Shoes, Skechers, Subtype, The Trybe, Merrell, Vans, Dr Martens, and Timberland.

This takeover attack for Accent follows caller enactment from Frasers Group successful the sector.

The company, which owns a 26% involvement successful Hugo Boss, precocious initiated a voluntary nationalist connection to get the remaining shares successful the German manner statement astatine €38.00 per share, valuing that transaction astatine astir €1.98bn ($2.65bn).

In February, Frasers Group besides announced an statement to get a bulk involvement successful Maxi Sport, a multisport retailer based successful Italy.

"Frasers Group launches $222m takeover connection for Accent Group" was primitively created and published by Just Style, a GlobalData owned brand.