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Accent Group Ltd ( (AU:AX1) ) has issued an update.
Accent Group Limited has completed a strategic transaction with Frasers Group to launch and operate the Sports Direct business in Australia and New Zealand. This partnership involves Accent issuing new shares to Frasers and using the proceeds to fund the rollout of Sports Direct stores, with plans for at least 50 stores over the next six years, potentially expanding to over 100 locations. This move is expected to enhance Accent’s market presence and operational capabilities in the ANZ region.
The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.
More about Accent Group Ltd
Accent Group Limited operates in the retail industry, focusing on the sale of footwear and apparel. The company is known for its diverse portfolio of brands and retail outlets, primarily serving the Australian and New Zealand markets.
Average Trading Volume: 1,389,607
Technical Sentiment Signal: Hold
Current Market Cap: A$1.1B
Learn more about AX1 stock on TipRanks’ Stock Analysis page.