Small Caps | 12:28 PM
This story features ACCENT GROUP LIMITED. For more info SHARE ANALYSIS: AX1
Accent Group has stepped into apparel, taking on the challenge of reinvigorating a struggling retail operation
-Potential for upside from a small investment
-Time-consuming restructure of Glue Store likely
-Not without risks
By Eva Brocklehurst
In the pursuit of growth, Accent Group ((AX1)) will expand from a focus on footwear byacquiring the youth-oriented Glue Store retail operation along with several brands from Next Athleisure for $13m.
The deal makes strategic sense, Morgan Stanley assesses, with the potential of strong upside for a small investment. It will broaden the apparel offering from Accent and offer the opportunity for cross…
Read the full article at: https://www.fnarena.com/index.php/2021/04/26/accent-steps-up-investment-in-apparel/