Mike Ashley to step down from Frasers Group board
by Julia Kollewe from World news | The Guardian on (#63TW1)
Retail tycoon to remain as remain as the controlling shareholder of Sports Direct and House of Fraser owner
Mike Ashley is to step down from the board of Frasers Group, which owns high street brands including Sports Direct and House of Fraser, 40 years after he opened his first sports shop in Maidenhead.
The company announced that the billionaire retail tycoon and founder of Sports Direct would not be standing for re-election as a director at this year's annual meeting on 19 October.
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