The Accent Group Ltd (ASX: AX1) share price will be one to watch on Friday.
This follows news that the footwear-focused retailer is adding to its collection of store brands with a new acquisition.
What is Accent acquiring?
This morning Accent confirmed reports that it has signed an agreement to acquire the Glue Store retail business and the wholesale and distribution brands business of Next Athleisure for a cash consideration of $13 million.
Glue Store is a leading Australian youth apparel, shoe and accessory retailer offering a range spanning global street, fashion, and sport cultures.
According to the release, Glue Store operates a…