Latest news with #DanielAgostinelli
Yahoo
17-04-2025
- Business
- Yahoo
Frasers links with Accent to drive Sports Direct expansion in ANZ
British sportswear and fashion retailer Frasers Group has entered a multi-year retail partnership with Accent Group to introduce and manage its Sports Direct brand in Australia and New Zealand (ANZ). The agreement supports Frasers' broader international expansion strategy and represents its latest move to extend the reach of its retail portfolio into new markets. Accent, which operates more than 900 stores and 12 brand distributions, intends to establish at least 50 Sports Direct stores along with an online presence by 2031. The group is optimistic about the potential for opening up to 100 Sports Direct outlets across Australia and New Zealand. Accent Group CEO Daniel Agostinelli stated: "After extensive discussions, we are very pleased to announce a long-term strategic relationship with Frasers to open Sports Direct in Australia and New Zealand. Sports Direct is one of the leading sporting goods retailing businesses globally. Frasers and Accent see a significant opportunity to bring a new and exciting global sports business to the Australian and New Zealand markets.' The collaboration will see Frasers, as the primary shareholder of Accent Group, intensify efforts to bolster their sports retail footprint in ANZ. Accent gains from the alliance by accessing Frasers' portfolio of proprietary brands such as Everlast and Slazenger. The partnership will also capitalise on Frasers' established relationships with internationally recognised sports brands such as Nike and adidas, offering Accent a significant avenue for growth. Frasers has decided to increase its stake in the company to 19.57%. The capital raised through the share subscription, totalling £29m ($38m), will be allocated to support the initial phase of establishing the Sports Direct brand in the region. The deal also includes Accent's acquisition of Frasers' MySale platform, which consolidates Frasers' Australian operations under Accent's umbrella and expands its online market presence. Frasers Group CEO Michael Murray stated: 'We're looking forward to expanding our partnership to launch Sports Direct in Australia and New Zealand, working towards our bold plan of opening 100 stores. This re-affirms our commitment to drive growth of the Sports Direct brand internationally and marks a significant step forward in our ambition to becoming the leading global sporting goods retailer." In March 2025, Frasers unveiled plans to expand the global footprint of its Sports Direct brand with 350 stores across India and Southeast Asia. "Frasers links with Accent to drive Sports Direct expansion in ANZ" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-03-2025
- Business
- Yahoo
Accent Group Limited's (ASX:AX1) largest shareholders are retail investors with 56% ownership, private companies own 16%
The considerable ownership by retail investors in Accent Group indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 43% ownership Insider ownership in Accent Group is 15% A look at the shareholders of Accent Group Limited (ASX:AX1) can tell us which group is most powerful. We can see that retail investors own the lion's share in the company with 56% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Meanwhile, private companies make up 16% of the company's shareholders. In the chart below, we zoom in on the different ownership groups of Accent Group. View our latest analysis for Accent Group Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Accent Group. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Accent Group, (below). Of course, keep in mind that there are other factors to consider, too. Accent Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is MASH Holdings Limited with 15% of shares outstanding. Netwealth Investments Ltd. is the second largest shareholder owning 3.8% of common stock, and The Vanguard Group, Inc. holds about 3.7% of the company stock. In addition, we found that Daniel Agostinelli, the CEO has 3.6% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Accent Group Limited. It has a market capitalization of just AU$996m, and insiders have AU$148m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public, who are usually individual investors, hold a substantial 56% stake in Accent Group, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Our data indicates that Private Companies hold 16%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example - Accent Group has 1 warning sign we think you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
