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Ex-nightclub promoter who met Mike Ashley s daughter on holiday is set to take over retail empire

Ex-nightclub promoter who met Mike Ashley s daughter on holiday is set to take over retail empire
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Mike Ashley: Who is the unorthodox retail magnate?

Mike Ashley to step down from leading Sports Direct Group

Sports Direct s Mike Ashley to hand reins to future son-in-law Published image sourcePA Media image captionMike Ashley s Frasers Group owns Sports Direct, House of Fraser, and several other retail brands Sports Direct founder Mike Ashley is to step down from leading his retail empire and hand the reins to his future son-in-law. The board of Frasers Group, which also owns House of Fraser, said talks were under way for Michael Murray, 31, to succeed the billionaire on 1 May 2022. The move would see Mr Ashley step down as chief executive but remain on the board as an executive director. Mr Ashley founded Sports Direct in 1982 and retains 64% of the group.

Frasers Group shares slide as Mike Ashley confirms plan to step aside

Job adverts rise  The number of UK job adverts rose 3pc in the week to July 30 compared to the previous week, with transport and logistics vacancies surging more than any other sector.  New data published by job search engine Adzuna found that the total number of online job adverts were 135pc higher than their pre-pandemic average.  The number of vacancies in the transport/logistics/warehouse sector rose 11pc over the week, boosting it 338pc above its February 2020 average level. Of the 28 categories included in the data, the only three that remained below their February 2020 average levels were “graduate”, “legal” and “energy, oil and gas” at 98pc, 90pc and 86pc respectively.

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