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Frasers Group buys Harvey Nichols from administrator to expand premium reach

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Frasers Group acquired Harvey Nichols from administrator FTI Consulting after the department store entered administration. The deal, completed after the filing, is estimated at around £40 million. Frasers frames it as part of its shift from Sports Direct toward premium and luxury platforms, but warns the turnaround may require difficult choices and a smaller company short term.

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