Luxury Department Stores in Crisis: Harvey Nichols' New Owner Spells Uncertain Future For 200 years, Harvey Nichols has been synonymous with opulence and refinement.
Its Knightsbridge flagship has long been a magnet for fashionistas and socialites alike. However, beneath its gleaming facade, the store had been struggling to stay afloat.
The recent acquisition of Harvey Nichols by Mike Ashley's Frasers Group has sent shockwaves through the retail industry.