Frasers Group PLC Strategic investment in Accent Group Limited
28 8월 2024 - 3:00PM
RNS Regulatory News
RNS Number : 8935B
Frasers Group PLC
28 August 2024
Date: 28
August 2024
FRASERS GROUP
PLC
Strategic Investment in
Accent Group
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."
Ends
Frasers Group plc
Robert Palmer, Company Secretary
LEI: 213800JEGHHEAXIJDX34
|
T. 0344 245 9200
E. company.secretary@frasers.group
|
Chris Wootton, Chief Financial Officer
|
T. 0344 245 9200
E.
financial@frasers.group
|
Kathleen Glover, Frasers Group PR
|
T. 07878
771800
E. fgpr@frasers.group
|
Andrew Kasoulis, Investor Relations Director
|
T. 07826
532191
E.
Andrew.Kasoulis@frasers.group
|
Rosie Oddy, Brunswick Group, PR Advisors
|
T. 07734 861279
E. frasersgroup@brunswickgroup.com
|
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Frasers (LSE:FRAS)
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부터 10월(10) 2023 으로 10월(10) 2024