Mike Ashley slams Burnham’s ‘populist’ plans to revive high street Retail Retail tycoon Mike Ashley has blasted Andy Burnham’s proposals to revive the British high street as “populist” and “too little too late”. The billionaire Sports Direct and Frasers Group founder has written to the Prime Minister accusing him of failing to tackle the cost of living with “delusional” policies. The causes of the UK’s rising [...]
The decline of Harvey Nichols is a tale of London’s decline too Opinion The decline and fall of Harvey Nichols is not just another business story. It is a warning about the crisis engulfing London’s high streets.
Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover Retail Frasers Group has offered to secure the pay of personal shoppers and stylists at Harvey Nichols after Mike Ashley’s retail empire bought the luxury department store. The Sports Direct and Flannels owner will make “goodwill payments” to a number of personal shoppers and stylists who were left owing money when Harvey Nichols collapsed. Frasers snapped [...]
Mike Ashley’s Frasers snaps up Harvey Nichols August 13, 2026 Mike Ashley’s Frasers Group has bought Harvey Nichols, plucking the struggling luxury department store from the jaws of insolvency. The group, which also owns Sports Direct and Flannels, has acquired each of the chain’s stores, excluding the site in Dublin, from FTI Consulting through a pre-pack administration process. Frasers’ acquisition of Harvey Nichols marks the [...]
Harvey Nichols will collapse without rescue deal, directors warn August 10, 2026 Harvey Nichols will collapse into administration if a rescue buyer is not found, directors of the luxury department store chain have warned. The retail empire will “cease trading” if it fails to agree a sale and no additional funding is found, the group’s directors cautioned in its latest accounts. Harvey Nichols could find a buyer [...]
Next and Frasers go head to head for control of Harvey Nichols July 28, 2026 Retail giants Next and Frasers are set to go head to head for control of ailing department store Harvey Nichols when the Hong Kong-owned firm takes bids from British suitors later on Tuesday. The Knightsbridge-headquartered department store chain was put up for sale last month by its owner, Hong Kong billionaire Sir Dickson Poon, and [...]
Frasers slams ‘nonsense rumours’ over Harvey Nichols bid July 16, 2026 The boss of Frasers has hit back at “nonsense rumours” that retail brands are reluctant to work with the group, which is known for making aggressive plays to take control of rival companies. The group, which owns Sports Direct and Flannels, gatecrashed the auction to buy luxury department store Harvey Nichols last week, despite some [...]
Mike Ashley’s Frasers muscles in on Harvey Nichols sale July 14, 2026 Mike Ashley’s Frasers Group has gatecrashed the sales process for Harvey Nichols, defying the initial objections of the luxury department store’s brand partners. The fashion group, founded by billionaire Ashley, has successfully entered into the auction for the high-end retail group after demanding it be allowed to take part, City AM understands. Harvey Nichols had [...]
Harvey Nichols: Losses near £100m at luxury department store chain as sales fall April 1, 2025 Harvey Nichols has now lost almost £100m since it last made a pre-tax profit, it has been revealed, after being hit by the cost-of-living crisis and high inflation during its latest financial year. Delayed accounts for the iconic retailer, which was founded in 1831, have revealed its pre-tax loss went from £21.2m to £35.3m in [...]
Harvey Nichols: Customers returning to luxury department store chain helps sales pass £200m and slash losses April 24, 2024 More customers choosing to shop at Harvey Nichols helped sales pass £200m for the first time since the pandemic, according to newly-filed accounts.