The Business of Fashion

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Report: Mike Ashley Set to Step Down From Sports Direct

Mike Ashley's Frasers Group owns Sports Direct and House of Fraser. — Sports Direct storefront. Shutterstock. (Shutterstock)

Reuters

04 August 2021

Mike Ashley, the Sports Direct billionaire, is preparing to step down as chief executive of his retail empire and hand control to his prospective son-in-law, The Telegraph reported on Tuesday.

The 56-year-old is expected to take the role of deputy chairman of Frasers Group in an announcement that may come as soon as Thursday, the report added.

By Akriti Sharma; Editor: Jonathan Oatis

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