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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

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

Mike Ashley
Mike Ashley’s Frasers Group launched a £1.73bn takeover offer for Hugo Boss last week. Photograph: Yui Mok/PA

The retail billionaire Mike Ashley has launched his second takeover bid in a week, attempting to snap up the 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 would 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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