Great British Billion-Pound Businesses
sponsored by

13
Mike Ashley
Frasers Group
£2.8 billion

Mike Ashley
Job Title
Founder
Founding Age
18
Current Age
60
Education Level
Left school at 16
Previous Profession
Entrepreneur
Social Media Profile
LinkedIn
Frasers Group
Industry
Retail
Revenue
£5.5bn
Profit
£544.8m (adjusted before tax)
Founded
1982
HQ
Maidenhead, UK
Website
frasers.group
Starting out in 1982 with a £10,000 loan from his parents and a single shop in Maidenhead, Ashley had opened more than 100 sports shops by the end of the 1990s. But his Sports Direct chain was just the beginning for this high-street kingpin. Before long the retailer began buying well-known sports brands, including Dunlop Slazenger, Donnay and Lonsdale. While some of his peers have focused on websites, apps and social media, Ashley remains a passionate believer in bricks-and-mortar retail and its role in how UK consumers shop. Over the years he has snapped up a string of ailing high-street chains, including Evans Cycles, Jack Wills and Game. In 2018 he took control of House of Fraser, renaming his own group after the department store chain a year later. A member of the FTSE 100, there are now 1,500 stores within Frasers Group. Those close to him say Ashley is a master at spotting an opportunity and moving at speed. Well, he was a squash coach in his youth.
Grow your business faster with Business Leader
Join our community of CEOs and founders and unlock your company's potential.
Start your journey Start your journeyGreat British Billion-Pound Founders
Find out more about the entrepreneurs who have built the UK's billion-pound businesses.
See the full list