British fashion and retail group Frasers Group, led by billionaire Mike Ashley, makes a takeover offer for Australia’s Accent Group, the footwear retailer behind brands including The Athlete’s Foot. The bid is launched shortly after Frasers announced an earlier attempt to acquire German fashion brand Hugo Boss, and it follows Frasers moving quickly on acquisition plans. Frasers already holds a significant stake in Accent, owning 22.9% and making the offer for the remainder of the company. According to reports, Frasers proposes to pay 65 Australian cents per share for the 77.1% it does not own. That price is described as matching Frasers’ reference to Accent’s closing price on Friday. Coverage also characterizes the offer as low in value, citing figures that put the total bid around £166 million. The bid is presented as Frasers’ second takeover attempt within a week as it seeks to expand its retail footprint. Accent Group has not been described in the provided reporting as accepting the offer, and no outcome from negotiations is stated.