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Derek Rose

UK retail giant makes hostile bid for Hype DC owner

Frasers Accent Accent Group United Kingdom Tracey Nearmy Sports Direct Platypus

A UK firm's zero-premium takeover bid for an Aussie shoe chain will be challenging, an analyst says. (Tracey Nearmy/AAP PHOTOS)

A British retailer has lobbed a zero-premium takeover offer at Australia's largest shoe store chain after their partnership went south, in hopes of at least gaining more influence over its board.

Frasers Group is offering 65 cents a share for Accent Group in an on-market takeover offer that values the Platypus, Hype DC and The Athlete's Foot owner at $390 million.

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