, Columnist
Billionaire Ashley Tries Not to Become Philip Green
The Sports Direct owner builds an escape plan from House of Fraser’s problems.
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Mike Ashley’s Sports Direct International Plc said late on Monday that it had dismissed the former directors and senior management of House of Fraser. But by parting company with the department store’s top brass, the retail entrepreneur has actually made it easier to head for the exit himself.
There was no word on who is leaving or who would take over. Ashley has a tight-knit group of top managers, so it’s possible one of those will be drafted in to develop the department store into his planned “Harrods of the High Street.”