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Mike Ashley Set to Step Aside as Frasers Profits Plunge 94.1%

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Mike Ashley to hand over the CEO post to future son-in-law Michael Murray, whom Frasers' board said was spearheading its elevation journey.
Frasers Group chairman David Daly also said that the government needs to update its business rates and that not doing so could jeopardize retail, including some House of Fraser doors.
CREDIT: Keith Mayhew / SOPA Images/Sipa USA via AP Images

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Frasers Group CEO Mike Ashley is set to step down from the CEO role in May 2022 and remain as an executive director of the company. But the firm is also pushing for a new business rate system to help keep some House of Fraser doors open. In a Nutshell: Ashley, best known for his…

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