Learn more

By Bethany Wales Mike Ashley’s Frasers Group has continued its acquisition spree with a strategic investment into the Australian retail and distribution firm Accent. The London-listed retail empire snapped up a 14.65 per cent stake in the company in a move it hopes will further its footprint in Australia and New Zealand – identified as a key market for the group’s expansion ambitions. As part of the deal Accent said it plans to offer Frasers Group the opportunity to propose a director to join its board. In its latest financial year, the Australian group achieved £821m in sales across around 90…

cuu