Harvey Nichols news and archive

Frasers Group set to acquire Harvey Nichols in pre-pack rescue deal - Report

UK-based Frasers Group, led by retail billionaire Mike Ashley, is reportedly putting the finishing touches on a rescue deal to acquire luxury department store operator Harvey Nichols. According to a report by Sky News, Frasers Group is expected to announce the acquisition through a pre-packaged insolvency process, following several weeks of...

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Luxury retailer Harvey Nichols faces potential administration

Loss making UK luxury department store operator Harvey Nichols has been put up for sale by its majority owner, Hong Kong-based businessman Sir Dickson Poon, according to regulatory filings and market reports. Auditors KPMG noted that a potential transaction could require the retail group to enter formal administration prior to a final sale if...

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Gordon Brothers submits bid for Harvey Nichols as sale process continues

Gordon Brothers, the US investment firm behind retailers including Laura Ashley and the owner of Poundland, has submitted a bid to acquire luxury department store Harvey Nichols, according to a report by Sky News. The offer was reportedly submitted ahead of this week's bidding deadline, with a further deadline now set for next week as owner Sir...

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Frasers Group reportedly allowed to bid on Harvey Nichols

British retail giant Frasers Group has been given the green light to place a bid on the ailing luxury retailer, Harvey Nichols. The Sports Direct owner had previously demanded access to the sale process, yet its interest was contested by brands selling through the department store chain that had raised concerns over the potential takeover....

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Next reportedly preparing for bid on Harvey Nichols

British retail giant Next is believed to be preparing to launch a takeover bid for Harvey Nichols just days after the owner of the department store chain announced plans to sell the business. According to Sky News, Next has entered the race to potentially acquire the struggling retailer from billionaire entrepreneur Dickson Poon, who is mulling...

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Owner of Harvey Nichols reportedly exploring options for sale after 35 years

Harvey Nichols may very well be up for sale soon, as Hong Kong retail billionaire owner Sir Dickson Poon is reportedly exploring options. A potential sale of the struggling department store chain would be the end of his 35-year ownership of Harvey Nichols. According to Sky News, Poon has appointed financial advisors FTI Consulting to look into...

Retail

Harvey Nichols launches new wellness destination

Luxury department store Harvey Nichols has launched a new wellness destination on the fourth floor of the Knightsbridge store, as part of the ongoing evolution of its flagship to “reflect the changing priorities of modern luxury customers”. The renovated floor aims to offer an “holistic approach to modern wellbeing,” bringing together fashion,...

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Harvey Nichols appoints new buying director for menswear and non-apparel

Harvey Nichols has appointed Shaun Donnelly as buying director for non-apparel and menswear. Donnelly confirmed the news in a post on LinkedIn, where he said he was “happy to share” he was starting the new role and looked forward to “driving the next phase of growth across menswear, footwear and accessories with an incredible team”. Donnelly...

Retail

Harvey Nichols to upgrade loyalty programme as part of transformation efforts

British department store Harvey Nichols has said it will be upgrading its loyalty programme as part of wider transformation efforts. In a statement to FashionUnited, the company said it was enacting the shift to “align with our new creative direction and the way our customers engage with us”. Among the changes, the programme will undertake a...

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Harvey Nichols unveils plans to transform Knightsbridge flagship

Luxury department store Harvey Nichols has revealed the first stage of the transformation of its London flagship in Knightsbridge with a reimagined ground floor retail experience, as it looks to reassert itself as a global destination for fashion, accessories and creative innovation. The new-look space, set to open in September, is described as...

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Harvey Nichols puts jobs at risk as it strengthens fashion focus

Harvey Nichols is cutting a number of jobs as it looks to refocus on its core fashion and beauty proposal. The British luxury retailer confirmed the news to FashionUnited, stating that around 5 percent of its employees will be impacted by the restructuring of some teams and changes to several business activities. The shift comes as part of a...

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The Smart Luxury Philosophy: Aurélien pop-up at Harvey Nichols in London

Luxury meets sophistication as Aurélien, the renowned fashion brand known for its Smart Luxury philosophy, announces the launch of an exclusive Pop-Up at Harvey Nichols, Knightsbridge. This exciting collaboration brings together two iconic names in high-end fashion, offering an shopping experience for those who appreciate timeless elegance and...