The British retail company Frasers Group has expanded its presence in Australia and New Zealand by acquiring a 14.65-percent stake in Accent Group Limited, a major retail and distribution company specializing in performance and lifestyle products.
This strategic investment is part of Frasers Group’s broader plan to increase its global footprint, particularly in key markets like Australia and New Zealand. The acquisition will allow Frasers Group to leverage Accent Group’s established retail network, which includes over 800 stores and a strong online presence, to drive growth and market share in these regions.
Accent Group banners and brands include The Athlete’s Foot, Skechers, Merrell, Vans, Saucony, Timberland, Hoka, Kappa and Ugg. Direct subsidiaries of the group include The Athlete’s Foot Australia Pty Ltd.
