British department store chain Harvey Nichols was founded in 1831. It currently operates stores in seven locations across the UK and Ireland, including its flagship store in Knightsbridge, London. Harvey Nichols also has a number of international stores in Asia and the Middle East. Retail Week provides news, analysis, features and opinion about Harvey Nichols and the department stores sector.
Harvey Nichols will close its Birmingham store on January 3, just months after Frasers Group bought the department store chain out of administration.
Frasers Group has confirmed the future of Harvey Nichols’ five stores across the UK.
Frasers Group is ushering in a new era, bringing together its luxury fashion assets under one umbrella to “represent the next phase of the group’s luxury strategy”.
Frasers Group has launched a new luxury “ecosystem” spanning the UK and US, which it claims is the beginning of a new era.
Luxury suppliers to Harvey Nichols are set to recover less than 15p in the pound after the luxury department store went into administration owing £270m to unsecured creditors.
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