Mike Ashley set to step down as chief of Sports Direct owner Frasers Group
The Guardian says Mike Ashley is set to step down as chief executive of Frasers Group, the owner of Sports Direct, in May next year and hand over to his daughter’s fiance.
The company, which also owns the House of Fraser department stores and the designer fashion chain Flannels, said it was in discussions about “transitioning” the chief executive role to 31-year-old Michael Murray, who is currently Frasers’ “head of elevation”.
https://www.theguardian.com/business/2021/aug/05/mike-ashley-step-down-sports-direct-frasers-group
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