**Trailer: The Future of Mike Ashley’s Retail Empire**
Mike Ashley, the controversial retail tycoon behind Frasers Group, is facing a challenging period. With Frasers Group recently removed from the FTSE 100, profit forecasts slashed, and Ashley’s failed attempt to join the board of online retailer Boohoo, questions are arising about the stability of his sprawling retail empire. Known for owning major brands like Sports Direct and House of Fraser, Ashley’s patchwork of businesses is under scrutiny. Is this the beginning of a decline for one of retail’s most polarizing figures? Dive into the latest analysis to uncover the cracks in Ashley’s empire and what it means for the future of retail.

**Paraphrased Digest:**
The article examines the current struggles of Mike Ashley’s Frasers Group, which includes well-known brands like Sports Direct and House of Fraser. Recently, the company was removed from the FTSE 100, faced reduced profit forecasts, and saw Ashley’s attempt to join Boohoo’s board fail. These developments raise concerns about the stability of Ashley’s diverse retail empire. The piece explores whether these challenges signal the beginning of a decline for his business ventures and what this could mean for the broader retail landscape.