Mike Ashley reveals plans to leave Sports Direct and take over Debenhams
Mike Ashley has outlined plans to leave Sports Direct and take the helm at struggling Debenhams, in a move set to stun the City. The retail tycoon, who is the largest shareholder with a 30% holding in Debenhams, was instrumental in getting its chief executive removed from the board two months ago.
Name: Mike Ashley
Continent: Europe
Country: UK
Company: Sports Direct International Plc
Position: CEO
Reason: Resigned
New Company: Debenhams
New Position: Board Member
Announcement Date: March 06, 2019, 11:00pm
Resignation Date: March 06, 2019, 11:00pm
Source 1: https://news.sky.com/story/mike-ashley-targets-sports-direct-exit-to-run-debenhams-11658005