Billionaire retail magnate Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month, but has agreed to lend £100 million to the business.
Billionaire retail magnate Mike Ashley is to step down as a director of Sports Direct owner Frasers Group next month, but has agreed to lend £100 million to the business.
Mr Murray, the founder’s son-in-law, was promoted to the position after leading Frasers’ “elevation strategy” as the firm has sought to grow its premium division. Mr Ashley said: “It is clear that the group has the right leadership and strategy in place and I feel very confident passing the baton to Michael and his team.
Belgique Dernières Nouvelles, Belgique Actualités
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