Key highlights

  • Frasers Group plc gave notice on 18 September 2026 that it extended the Offer Period for its on-market Takeover bid for Accent Group.
  • The offer will now close at 4.00pm Sydney time on 29 January 2027, instead of 30 September 2026, unless further extended or withdrawn.
  • The bid relates to all Accent shares that Frasers or its associates do not already own.

Accent Group Ltd (ASX:AX1) closed 21 October 2026 at $0.66, higher by 0.76%. Across the market, the S&P/ASX 200 Consumer Discretionary [XDJ] index settled at 3,741.90, higher by 0.34% or 12.50 points, the S&P/ASX 200 [XJO] at 8,831.30, higher by 0.16%, and the All Ordinaries at 8,956.60, higher by 0.14%, at 5:00 pm GMT+11. Accent Group is an Australian footwear and apparel retailer and distributor.

What Accent Group does

Accent Group Limited retails and distributes footwear and apparel brands in Australia and New Zealand, operating banners such as Platypus, The Athlete’s Foot, Hype DC and others, and distributing global brands.

The notice of extension

In a notice dated 18 September 2026 given to ASIC, Accent and the ASX, Frasers Group plc (LSE:FRAS) said it was varying its on-market takeover bid under Chapter 6 of the Corporations Act for all fully paid ordinary shares in Accent that it or its associates do not currently own. It extended the offer period under section 649C of the Corporations Act, so that the offer now closes at 4.00pm Sydney time on Friday, 29 January 2027, instead of 30 September 2026, unless further extended or withdrawn in accordance with the Corporations Act.

Bid documents

The offer is contained in Frasers’ bidder’s statement dated 15 June 2026, as supplemented by a first supplementary bidder’s statement dated 10 August 2026. The notice does not state the Offer Price or Frasers’ current shareholding and does not include any Accent response.

Sector context

Consumer discretionary companies depend on household spending, travel, leisure and housing activity, and they are tracked through the S&P/ASX 200 Consumer Discretionary index, which closed at 3,741.90, up 0.34%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Footwear and apparel retail takeover activity involves regulated bid processes under the Corporations Act, with offer periods that can be extended.

Risks and uncertainties

The notice states that the offer remains subject to being extended or withdrawn. Whether Frasers acquires further shares depends on market transactions during the offer period. The announcement is from the bidder, not Accent, and contains no information about Accent’s trading.

Catalysts to watch

Items to watch include any further variation of the offer, announcements by Accent, changes in Frasers’ holding and the 29 January 2027 closing date.

Final word

Frasers’ 18 September 2026 notice extended its on-market bid for Accent to 29 January 2027. Later notices would show changes in holdings or terms.