Frasers Group acquires 14.65% stake in Accent Group, boosting international expansion strategy.

Frasers Group, a global sports and lifestyle retailer, has acquired a 14.65% stake in Australian sports retail and distribution firm Accent Group, marking a major step in its international expansion strategy. The acquisition will allow Frasers Group to propose a director for Accent's board, with both companies expressing excitement about the potential for mutual growth and benefits. Accent Group, which reports AUD$1.6bn in sales, operates nearly 900 stores and websites across Australia and New Zealand, distributing brands such as Skechers, Hoka, UGG, and Vans.

August 28, 2024
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