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.