{"id":32660,"date":"2026-08-12T21:19:15","date_gmt":"2026-08-12T21:19:15","guid":{"rendered":"https:\/\/microvibenews.com\/?p=32660"},"modified":"2026-08-12T21:19:15","modified_gmt":"2026-08-12T21:19:15","slug":"frasers-group-in-talks-to-acquire-harvey-nichols-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=32660","title":{"rendered":"Frasers Group in talks to acquire Harvey Nichols \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols.png\" alt=\"Harvey Nichols\" class=\"wp-image-97570 lazyload\" style=\"width:829px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"802\" height=\"532\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols.png\" alt=\"Harvey Nichols\" class=\"wp-image-97570 lazyload\" style=\"width:829px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols.png 802w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols-600x398.png 600w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols-300x199.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2020\/08\/Harvey-Nichols-768x509.png 768w\" sizes=\"(max-width: 802px) 100vw, 802px\"\/><figcaption class=\"wp-element-caption\"><em>Harvey Nichols has a store in Edinburgh\u2019s St Andrew Square (pic: DB Media Services)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Mike Ashley\u2019s\u00a0Frasers Group\u00a0is close to sealing a rescue deal for struggling department store chain Harvey Nichols, according to sources.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The Sports Direct owner could make an announcement on Thursday that it has acquired the upmarket retailer in a pre-pack insolvency process.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Mr Ashley\u2019s team has been engaged in detailed talks with FTI Consulting, the adviser to Harvey Nichols and its standby administrator, says <em>Sky News<\/em>. It is likely to involve the retention of a large number of the 1,200 staff.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The proposed deal is thought to include a commitment to outstanding payments to brand partners of the department store chain, following a controversy over its acquisition of Matchesfashion, an upmarket online clothing retailer, in 2024.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Next is also interested in Harvey Nichols, but it is understood it would not be prepared to take on all of its stores.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">There have been reports in recent weeks that Frasers may rebrand some of the stores as Flannels or House of Fraser. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Harvey Nichols has been loss-making for several years and while it remains a key luxury shopping destination, its glory days of the 1990s and 2000s are long gone.\u00a0<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Owned by Hong Kong billionaire Sir Dickson Poon for 35 years, it emerged in recent weeks that a turnaround at the business will require at \u00a350 million to \u00a360m in extra investment.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Acquiring Harvey Nichols would seal Mike Ashley\u2019s reputation as a serial acquirer of distressed businesses at bargain prices.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Last week he said he would be surprised if Harvey Nicols fetched more than \u00a340m.<\/p>\n<p><!-- Simple Share Buttons Adder (8.6.0) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Frasers #Group #talks #acquire #Harvey #Nichols #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harvey Nichols has a store in &hellip; <\/p>\n","protected":false},"author":1,"featured_media":32661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[8344,266,265,562,18659,1594,12363,19025,18138,9806,460],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32660"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32660"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/32661"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}