British arts-and-crafts retailer
Harvey Nichols has been put up for sale after successive losses and is drawing bids from Frasers Group and Next as owners seek £50m–£60m; Mike Ashley has called the chain in a "death spiral" and says a lower price will be needed. Separately, UK high street restructuring plans have won court approval while retailers use AI to trace complex apparel supply chains.
Alvarez & Marsal is coordinating a sale of Poundland after Gordon Brothers acquired the chain for £1 last year. Initial bids are expected early next month as potential buyers, including Modella Capital, weigh the upside of a revived discount retailer ahead of the festive period.