By Reuters Staff
FILE PHOTO: Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direct, arrives at the company’s AGM, at the company’s headquarters in Shirebrook, Britain, September 7, 2016. REUTERS/Darren Staples//File Photo
(Reuters) – Mike Ashleys Frasers Group withdrew its 2021 forecast on Monday after the sportswear retailer was forced to shut all its stores in London, South East and East of England as a fast-spreading new strain of the coronavirus called for tougher curbs.
The group, formerly named after its flagship Sports Direct brand, said it could no longer commit to its 20% to 30% growth in underlying core profit during fiscal year 2021.read more
Mike Ashley’s Frasers pulls 2021 forecast after new coronavirus curbs in England – Reuters UK
