Frasers boss Murray takes Mike Ashley's business in more aspirational direction

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Since becoming CEO of the Frasers Group, Michael Murray has faced suggestions that he is not his own man

Part of that reflected one-off benefits from asset disposals and the benefits of acquisitions such as the fast fashion online specialists Missguided and I Saw It First. .Advertisement

He said Flannels was the fastest-growing of the group's various retail fascias, generating more than a fifth of underlying sales growth during the half, with more store openings planned. "And three, does it improve distribution channels and give us access to a different consumer, such as homewares? "It's probably… better…if he isn't on the board and isn't involved day to day, because the strategy is working so well, especially with third party brands such as Nike. It's better that he leaves me to it.

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