A defunct British department store chain, relaunched online under Boohoo after administration
The Guardian reports Harvey Nichols has not turned a profit since the pandemic and is up for sale. Frasers Group and Next are among bidders, with Mike Ashley calling the business a “death spiral.” Directors warn funding could run out within a year, while potential buyers weigh whether to revive the luxury retailer, including possible rebranding of stores.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
Sephora has announced Edinburgh and Glasgow store openings, marking its first Scotland presence. The Edinburgh location opens July 9 and Glasgow on August 13, with personalized beauty services and exclusive brands on offer. The launch is framed as a milestone for Sephora UK’s expansion and Scotland’s retail scene.
Frasers Group has announced a cash offer of €38 per share to acquire the remaining shares of Hugo Boss, valuing the German luxury brand at about €1.98bn. The bid aims to take full control of Hugo Boss as Frasers continues its strategy of expanding upmarket brands. Hugo Boss will examine the proposal and may put it to a vote subject to regulatory clearances.
The Scotsman reports Fort Kinnaird plans a 42,500 sq ft expansion, creating over 60 local jobs, including a new 19,750 sq ft food store and 22,785 sq ft leisure space, with consent expected in November and construction due 2027. The Guardian covers John Lewis’s £20m Glasgow store revamp as part of a £50m programme across several cities, aiming to modernise the Buchanan Galleries and boost footfall while keeping shops open. France 24 details Shein’s exit from BHV Marais as SGM sells the landmark store to executives, marking strategic shifts in Parisian retail amid regulatory fines over the brand.
A series of proposals around council tax, stamp duty and land value tax are attracting attention as policymakers consider how to reform property taxation. The debate spans mansion taxes in Scotland, and broader reforms that could affect ownership costs and mobility.
More than 80 firefighters and about 30 trucks have contained a fire at a single building on Victoria Street, Richmond. The blaze affected adjacent shopfronts; the premises was unoccupied. Victoria Police are investigating a ram raid and arson. Thick smoke has prompted VicEmergency alerts and road closures.
M&S has opened Pantheon, a four-floor flagship on Oxford Street spanning almost 100,000 sq ft, with a food, fashion, home and beauty blueprint for future stores. The project features made-to-order tailoring, a dedicated beauty hall, and a revamped homeware section, as the retailer presses ahead with broader London refurbishments amid regulatory battles and urban redevelopment.
A blaze at the former Debenhams on Princes Street has shut trams from Leith to Newhaven. Edinburgh Council is exploring a four-tram shuttle to re-open a link between Picardy Place and Newhaven, with overnight movements and enhanced security. Officials warn the disruption will extend into August and impact Festival travel.
The government has unveiled plans to give England’s mayoral authorities a share of income tax to fund local development. While praised as a potential fix for regional inequality, the policy will take years to implement and risk leaving slower-growing areas behind, as councils seek to borrow for major projects amid central oversight.
The Category A-listed North Bridge has fully reopened to traffic and pedestrians after eight years of restoration. The project has delivered a restored facade, structural work, and new monitoring access, with final below-street works to follow this year. Officials say the bridge is returning to its role as a key transport link ahead of the festival peak.
Edinburgh’s King’s Theatre has reopened after a near-four-year closure following a £41 million refurbishment. The Edwardian venue now features enhanced accessibility, a level stage, extended fly tower, upgraded technical infrastructure and doubled hospitality capacity. Test events have taken place and tours are selling quickly ahead of fringe season.