• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

UK retailer Frasers group acquires 14.65% stake in Accent group

28 Aug '24
2 min read
UK retailer Frasers group acquires 14.65% stake in Accent group
Pic: Fraser Group

Insights

  • Frasers Group plc has acquired a 14.65 per cent stake in Accent Group Limited, a leading retail and distribution business in Australia and New Zealand.
  • This strategic investment allows for potential board representation and aims to drive mutual growth opportunities between the companies, leveraging Accent's strong market position and brand portfolio.
Frasers Group plc ("Frasers" or the "Group") is pleased to announce that it has purchased a 14.65% strategic investment in Accent Group Limited ("Accent"), the leading retail and distribution business in the performance and lifestyle market in Australia and New Zealand.

Accent is a premium distributor, bringing many of the worlds' best brands to market. In Full Year 2024, Accent delivered AUD$1.6bn of sales from nearly 900 stores and websites, consisting of leading multi brand sports fashion stores, vertical owned brands, and global exclusively distributed brands such as Skechers, Hoka, UGG and Vans.

This strategic investment will enable Frasers to grow its presence in Australia and New Zealand, a key market in the Group's ambition to become a leading global sports retailer. To further underpin this partnership and help to drive mutual opportunities, Accent has stated that it intends to offer Frasers the opportunity to propose a director to join the Accent Board.

Commenting, Michael Murray, CEO of Frasers Group, said: "This investment is an exciting step in the expansion of our international footprint, which is a key growth driver for the Group.  Accent has built an incredible ecosystem of sports and lifestyle brands in Australia and New Zealand.  They have a strong platform across stores, digital, and distribution, offering a lot of potential for Frasers concepts and brands. We are looking forward to working with the Accent management team to unlock mutually beneficial opportunities for both groups."

Commenting, Daniel Agostinelli, CEO of Accent Group said: "We have been in discussions with Frasers Group for some time about a strategic relationship, and have been impressed by its management team and believe that there is a strong cultural alignment between both organisations.  We see the potential for significant mutual opportunity with Frasers Group, and are excited by the beginning of this new relationship between the organisations."

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (RM)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search