Frasers Group Acquires Harvey Nichols Department Store
Mike Ashley's Frasers Group, owner of Sports Direct, has acquired the luxury department store chain Harvey Nichols out of administration. The acquisition signals Frasers Group's expansion into the upmarket retail sector.
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Harvey Nichols bought by Sports Direct owner
Harvey Nichols was founded in 1831, but had appointed an administrator in June.
Read full article →Frasers Group Buys Harvey Nichols Out of Insolvency, Beating Next
Mike Ashley’s Frasers Group Plc acquired struggling Harvey Nichols out of insolvency, beating out rival retailer Next Plc for the storied British department store chain after it fell on hard times.
By Maddie Parker
Read full article →Sports Direct owner buys Harvey Nichols department store chain
Mike Ashley’s Frasers Group acquires Knightsbridge-headquartered retailer after it went into administration Business live – latest updates The owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding. Mike Ashley’s Frasers Group said on Thursday it had bought the chain, which is headquartered at its store in Knightsbridge, for an undisclosed sum on the day it was put into ...
By Sarah Butler
Read full article →Harvey Nichols bought from administration by Mike Ashley’s Frasers
It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand.
By Henry Saker-Clark
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