Frasers launches £166 million bid for Accent

Mike Ashley-controlled retail conglomerate Frasers (LON:FRAS) has launched an all-cash takeover offer for Antipodean sportswear seller Accent (ASX:AX1). Australia’s largest footwear retailer is Frasers’ partner in expanding Sports Direct into Australia, where 30 new stores are planned. British billionaire Mike Ashley is in the midst of one of his particularly deal-hungry moods. The £166 million … Continue reading Frasers launches £166 million bid for Accent