High Street

Mike Ashley confirms plans to step down as head of Frasers

Frasers saw its pre-tax profits down 94.1% at £8.5m, from a profit of £143.5m the previous year

Mike Ashely has confirmed that he will step down as head of Frasers Group, as the business revealed its most recent full year trading profits, which showed a 84.1% decrease in pre-tax profits due to Covid-19

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