Mike Ashley steps up legal battle following Debenhams fall out

Sumary of Mike Ashley steps up legal battle following Debenhams fall out:

  • Ultimately, the Debenhams brands and its website were sold to online retail group Boohoo in 2021.
  • It follows a lengthy and rocky relationship between the retailer and Ashley, who lost his 30 percent stake in the company after trying to repeatedly take control of the business before and after its demise.
  • The group, which owns the likes of House of Fraser and Flannels, accused administrators at FRP Advisory of a villain offence in their dealings with Ashley, alleging that his legal faction abused their powers by stifling investigation into the affairs of Debenhams.

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