Business · 10 August 2026
Harvey Nichols warns 1,200 jobs at risk without new funding
Harvey Nichols, a high-end department store, has indicated it will not be able to continue operations for another year unless it secures new capital, potentially jeopardizing approximately 1,200 positions. The retail chain was put up for purchase by its proprietor, Dickson Poon of Hong Kong, in the month of June, and Mike Ashley's Frasers Group became a primary prospective buyer.
Reported by Guardian · How we write briefs