FCA & Rules 10 August 2026, 09:26 BST

Harvey Nichols warns it could collapse without rescue deal, as bidders circle

City noticeboard, Trade Hub UK (2026-08-10): Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chainCan Harvey Nichols find its way back to being Ab Fab… Primary source: original at The Guardian (theguardian.com).

By The Guardian

Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chain

Can Harvey Nichols find its way back to being Ab Fab again?

Harvey Nichols has warned that it will not be able to survive another year without new investment, as bidders for the Knightsbridge-headquartered department store chain circle.

The retailer’s Hong Kong-based owner, Dickson Poon, put it up for sale in June, with Mike Ashley’s Frasers Group aiming to buy it for about £40m.

Source: The Guardian