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Frasers CFO urges Accent chair Lawrence Myers to resign amid bid pressure

Frasers Group logoFrasers Group
Sig2.38Sen-1.83Env0.00Soc0.00Gov-1.36

Frasers, already holding nearly half of Accent Group, is stepping up takeover pressure after Accent’s trading update showed EBITDA down 3.4% to just under A$279 million and sales up 1.2% to A$1.64 billion. Frasers CFO Chris Wootton has demanded the immediate resignation of Accent non-executive chair Lawrence Myers, citing his approach and the company’s results.

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