Sports Direct owner buys Harvey Nichols department store chain

Mike Ashley's Frasers Group has acquired the 195-year-old department store chain Harvey Nichols after it entered administration. The Knightsbridge-headquartered retailer, which employs 1,200 staff across 13 stores, had previously warned it might cease trading without fresh funding. Frasers Group secured the brand following an auction process where it competed against retail rival Next. This acquisition integrates Harvey Nichols into a portfolio including Sports Direct, Flannels, House of Fraser, and Evans Cycles to ensure long-term success.