Tough decisions: Mike Ashley
Mike Ashley’s daughter has been made a director of his retail empire.
Matilda Ashley, 27, is now a director of Mash Holdings, which controls his stake in Frasers Group and other companies.
She has resigned as a director of her own beauty business, Double Take.
The move that may raise eyebrows in the City after other instances of the 59-year-old businessman hiring family members.
Frasers appointed Michael Murray, married to his oldest daughter Anna, as chief executive two years ago.
And Matilda’s boyfriend David Al-Mudallal is the chief operating officer of Frasers and also a board member.
He is one of the youngest directors of a FTSE 100 firm.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
For the latest headlines, follow our Google News channel
Source link