News

Ashley moves to oust Debenhams executive board

By 2019-03-08T12:36:00

Mike Ashley

Source: Alamy/Mark Thomas

Sports Direct has moved to oust all the members of Debenhams board, bar one, and appoint Mike Ashley to an executive role.

In a statement the Sports retailer, which owns a near 30% stake in Debenhams, issued a statement saying that if appointed Ashley would step down from his current roles as a director and chief executive of Sports Direct.

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