Mike Ashley confirms plans to step down as head of Frasers
Frasers saw its pre-tax profits down 94.1% at ยฃ8.5m, from a profit of ยฃ143.5m 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.ย