A major shareholder advisory group has recommended Frasers Group investors to vote against Mike Ashley’s reelection at the annual general meeting this Wednesday over criticism of the company’s corporate governance.
Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
Mike Ashley’s Frasers Group, formerly Sports Direct, said it would reassess the viability of some of its stores following a British government decision to delay the next business rates valuation until 2023.
Canada-based Elmau & Associates said Jeffrey M Clair has joined it as Executive VP of Sales, North America. He “will be responsible for accelerating the growth of licensed branded clothing lines for the Kangol brand”.