BUZZ-Australia's Accent rises on launch plans for Sports Direct in Australia, New Zealand

Reuters

2025/04/15

** Shares of Accent Group AX1.AX rise 3% to A$1.87 to hit their highest levels since March 11

** The footwear co to launch and operate the Sports Direct retail business in Australia and New Zealand

** Co enters long-term strategic relationship with sports items retailer Frasers Group FRAS.L

** Says Frasers to increase their stake in co to 19.57%

** Stock down ~20% this year, including the day's move

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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