Latest Footwear And Apparel News

Frasers Group has initiated an unconditional on-market takeover bid for Accent Group at $0.65 per share, aiming to increase its stake beyond 22.9% amid concerns over Accent’s recent financial performance and strategic direction.

Accent Group has laid out an ambitious Vision 2030 strategy aiming for $1.9 billion in sales and a 9%+ EBIT margin. Central to this plan is the expansion of Sports Direct stores and a focus on operational efficiencies and brand evolution.

Accent Group reported a modest 1.6% rise in FY25 owned sales to $1.46 billion and a net profit after tax of $57.7 million, while outlining ambitious FY26 plans including the launch of Sports Direct stores in Australia and New Zealand.

Accent Group Limited reported modest FY25 sales growth with a cautious FY26 outlook, unveiling a strategic partnership to expand Sports Direct stores in Australia and New Zealand.

Accent Group reported steady FY25 sales of $1.62 billion with a slight dip in profits, while advancing its Sports Direct rollout and extending key brand agreements.