bbc.co.uk

Owner of Sports Direct takes over Harvey Nichols; restructuring needed

Frasers Group logoFrasers Group
Sig3.21Sen-0.63Env0.00Soc-1.41Gov+0.64

Luxury retailer Harvey Nichols has been taken over by the owner of Sports Direct, which warned a significant restructuring is needed for the 200-year-old store to remain sustainable. Frasers Group will review the store portfolio, structure and cost base while shops and the online business continue under existing licensing. The chain employs over 1,000 people across major UK cities after recent trading challenges.

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