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Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent

The Guardian UK Monday 15 June 2026, 08:02 UTC By Lauren Almeida 1 min read
Key Points

UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already ownBusiness live – latest updatesThe 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...

UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already own

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.

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Mike Ashley’s (PERSON) Frasers (PERSON) Hugo Boss (PERSON) Australia (LOCATION) UK (LOCATION) Mike Ashley (PERSON) Australian (ORG) Accent Group (ORG) Ashley (PERSON) Frasers Group (ORG)
Originally published by The Guardian UK Read original →

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