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 shop in Maidenhead.
The company announced that the billionaire retail tycoon, the founder of the UK’s biggest sports goods chain Sports Direct, would not be standing for re-election as a director at this year’s annual meeting on 19 October.
