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Frasers Group to report pre-pack rescue deal for Harvey Nichols

Frasers Group logoFrasers Group
Sig3.09Sen+0.73Env0.00Soc-0.16Gov-0.33

Frasers Group is finalising a rescue deal ahead of an announcement expected on Thursday, with the business likely to gain a new owner this week. Sky News reports it will move through a pre-pack insolvency process, with detailed talks involving FTI Consulting and Harvey Nichols’ adviser/probable administrator. A potential year-long guarantee is discussed for the London head office, though job impact for all 1,200 UK-based staff is unclear.

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