Tuesday 20 September 2022 07:38 AM Mike Ashley to leave retail empire he founded: Sports Direct tycoon will stand ... trends now
View
comments
Mike Ashley is to stand down as director of the group behind mega retail brands Sports Direct and House of Fraser.
Frasers Group said on Tuesday Mike Ashley will not be standing for re-election as a director at its annual general meeting (AGM) and will therefore step down from the board upon the conclusion of its AGM on October 19.
Other brands owned by Frasers Group include Game, Evans Cycles and Jack Wills.
Ashley, the former CEO, handed the reins of his retail empire over to son-in-law Michael Murray last year.
Murray has long been seen as the heir apparent after becoming engaged to Ashley's eldest daughter Anna.
The couple were married in a lavish multi-million pound wedding at
