# Frasers Moves to Buy Out Accent

Page: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/frasers-moves-to-buy-out-accent
Text version: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/frasers-moves-to-buy-out-accent.md
Podcast: [Sydney News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669)
Published: 2026-06-15T04:05:55+00:00
Episode link: https://api.fastcast.ai/audio/ed5a554c-b560-4c85-909d-ae9c28c359a4.mp3
Audio file: https://api.fastcast.ai/audio/ed5a554c-b560-4c85-909d-ae9c28c359a4.mp3
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Duration seconds: 113

## Resource

Frasers is launching a bold bid to buy out the rest of Accent Group for $315 million at 65 cents per share, citing poor performance and misaligned strategy — even calling for the chairman’s resignation. Despite Accent’s 900+ stores and big-name brands, its stock has plummeted 50% in a year, fueled by investor outrage over executive pay, a profit warning after dividend hikes, and a looming insider trading probe into the CEO. Frasers wants more control to steer Accent back to growth in Australia’s sports retail market, but Accent’s board urges patience, noting the offer matches last Friday’s closing price. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/43c4b73027675c8f

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