Mike Ashley: Frasers will benefit from shedding maverick status in City

In UK corporate governance, Mike Ashley has been that tin hat. Next month, Ashley will quit as a director of the expanded business he founded, renamed Frasers. The market worth of rival JD Sports has exceeded that of Sports Direct since 2016 thanks to better procurement, marketing and City relations. Frasers is a better defensive proposition - if Ashley can resist the temptation to interfere. City Bulletin is a daily City of London briefing delivered directly to your inbox as the market opens.

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