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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Harvey Nichols warns it could collapse without rescue deal, as bidders circle

Harvey Nichols Dickson Poon Frasers Frasers Group Knightsbridge
Harvey Nichols department store
Harvey Nichols’s department store headquarters in Knightsbridge opened in 1889. Photograph: Oli Scarff/Getty Images

Harvey Nichols has warned that it will not be able to survive another year without new investment, as bidders for the Knightsbridge-headquartered department store chain circle.

The retailer’s Hong Kong-based owner, Dickson Poon, put it up for sale in June, with Mike Ashley’s Frasers Group aiming to buy it for about £40m.

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