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...He handed the reins of his retail empire to his son-in-law, Michael Murray, in 2022....
...Sports Direct founder Mike Ashley will become a consultant to Hornby, the seller of Corgi cars, miniature trains and Scalextric racetracks....
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...But while retail spending on sportswear is back above pre-Covid levels — at $395.5bn globally last year, according to Euromonitor — share valuations have yet to catch up....
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...It has few direct comparables. It deserves chunky discounts to US beauty giant Ulta, on 14 times ebitda, and European retailers such as Inditex, on 12 times ebitda....
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