The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
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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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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.
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