Sale bids emerge as losses mount for Harvey Nichols; rescue plan approved amid high risks. Harvey Nichols is a Knightsbridge-founded luxury retailer with 14 global stores, selling designer fashion, beauty, and fine foods.
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.