AX1 1.32% $1.88 accent group limited

Potential acquisition of General Pants

  1. 11 Posts.
    I've seen a couple articles saying that General Pants will go up for sale soon. After buying Glue Store earlier this year, Accent Group will definitely be a potential buyer, among a couple other retail companies (eg. universal store). Will be interesting to see who buys it (given it's the right price).

    I also think that retail companies have seen insane growth and as we know, their growth will be negative and their profit will wind back down. However, I feel like Accent groups profit will consistently rise (however the profit growth may slow, but I feel will still be positive nonetheless). This is because Accent is growing their store network at a consistent rate and seriously starting to dominate shopping malls (eg Bayside shopping centre is dominated by Accents stores), seriously investing in their online capabilities and making smart acquisitions like Glue store, as well as adding to their portfolio of brands. They are also creating new stores (4WORKERS, no idea how this will go). All in all, I think Accent will be able to keep their growth positive and consistent. Would be massive if they could pick up General Pants as well.
 
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