British department store chain under Frasers Group, rebranding to Frasers
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.
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.