default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

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)

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

Learn more:

Sports Direct Confirms $152 Million Headquarters Sale

The sportswear retailer has sold the freehold to its Shirebrook logistics centre to Malaysia’s Employees Provident Fund.

In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion: Technology
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
The State of Fashion: Technology