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Tough Decisions: Mike Ashley
Mike Ashley’s daughter has been appointed chairman of his retail empire.
Matilda Ashley, 27, is now a director of Mash Holdings, which controls her stake in Frasers Group and other companies.
She has resigned as director of her own beauty business, Double Take.
The measure may come as a surprise in the city after other cases in which the 59-year-old businessman hired members of his family.
Frasers appointed Michael Murray, married to its eldest daughter Anna, as chief executive two years ago.
And Matilda’s boyfriend, David Al-Mudallal, is Frasers’ chief operating officer and also a board member.
He is one of the youngest directors of a FTSE 100 company.
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