top
Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent
Why this matters: a developing story that could shape the day's news cycle.
UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already own Business live – latest updates. The retail billionaire Mike Ashley has launched his second takeover bid in a week, attempting to snap up Australian footwear business Accent Group, days after announcing a tilt at Hugo Boss.Ashley’s Frasers Group, which already owns the biggest single stake in Accent at 22.9%, said it will offer 65 Australian cents (34p) a share for the remainder of the business, at the same level as its closing price on Friday. Continue reading...
Article preview — originally published by The Guardian. Full story at the source.
Read full story on The Guardian →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop