Mike Ashley is back in the headlines. 📰

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Mike Ashley is back in the news again
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with a high-stakes row kicking off in
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the retail world. That is because the
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billionaire founder of Sports Direct and
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Frasers Group has confronted the board
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of the e-commerce giant ASOS. So,
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reports suggest that Ashley and his team
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tried to crash the ASOS board meeting
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using their shareholder power to cast
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disruptive votes and make their presence
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strongly felt. It looks as though Ashley
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is unhappy with the current direction or
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valuation of the online mega retailer.
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So, it looks like a corporate drama
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playing out in real time. It is a
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classic power struggle between a high
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street stalwart and a major online
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player. But, who will come out on top of
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this latest retail battle? Let us know
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your predictions. Is it going to be Mike
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Ashley's Frasers Group or ASOS?

Mike Ashley is back in the headlines. 📰

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Mike Ashley is back in the headlines. 📰

City AM