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Sports Direct owner buys Harvey Nichols department store chain

Mike Ashley’s Frasers Group acquires majority of upmarket retailer’s sites from the administrators Business live – latest updates The owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding. Mike Ashley’s Frasers Group said on Thursday it had bought the chain, which is…

Sports Direct owner buys Harvey Nichols department store chain

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

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Mike Ashley’s Frasers snaps up Harvey Nichols

Mike Ashley’s Frasers Group has bought Harvey Nichols, plucking the struggling luxury department store from the jaws on insolvency. The group, which also owns Sports Direct and Flannels, has acquired each of the chain’s stores, excluding the site in Dublin, from FTI Consulting through a pre-pack administration process.

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