Harvey Nichols warns it could collapse without rescue deal, as bidders circle
Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chainCan Harvey Nichols find its way back to being Ab Fab again?Business live – latest updatesHarvey 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. Continue reading…
Source: www.theguardian.com