British luxury department store chain owned by Frasers Group
Harvey Nichols has been put up for sale and is undergoing a turnaround led by Frasers Group. The six-storefront estate, including Edinburgh’s flagship, will continue operating while a broader restructuring is pursued, with potential integration of Flannels and the wider Frasers luxury ecosystem.
Scottish Water executives have received substantial performance payments amid rising household bills and ongoing sewage concerns. Critics say payouts undermine public trust as the government grapples with wage and bonus controls in the sector.
Frasers founder has warned the high street could be "further devastated" without major business-rate cuts, criticizing the Prime Minister's approach while Downing Street promises action to back British business. The exchange highlights a broader push to reform rates for pubs, clubs and live venues as part of a wider cost-of-living agenda.
Frasers has built its Hugo Boss holding to about 47.9% and says it aims to exceed 50% of shares and voting rights. The move follows Harvey Nichols acquisition and a failed bid to take Hugo Boss private. The group says there is no certainty it will achieve the majority and it is reviewing support for Hugo Boss chair Stephan Sturm.
A roundup of 2026 beauty Advent calendars from major retailers and brands. Calendars range from affordable to luxury, with counts of products (full-size and minis) and notable inclusions. Readers are guided on value, contents, and availability as the season approaches.
The John Lewis Partnership has reported a pre-tax loss of £124m for the six months to August 1, widening from £88m the previous year, while Waitrose sales rise and department stores dip. The group cites a challenging trading environment, transformation costs, and higher national insurance as key factors, with caution on the second half ahead of peak Christmas trading.