Frasers Group (GB:FRAS) has released an update.
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Frasers Group PLC has announced a 14.65% investment in Accent Group, a leading player in the Australian and New Zealand markets for performance and lifestyle products, with plans to propose a director to Accent’s Board. This move aligns with Frasers’ goal to expand globally, particularly in sports retail, and is expected to unlock synergies between the companies’ brands and retail strategies. Both CEOs express enthusiasm for the strategic partnership, foreseeing significant mutual benefits.
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