The Unlikely Savior: Sports Direct Owner Buys Struggling Luxury Retailer Harvey Nichols The latest twist in the ongoing saga of Britain's struggling high end retailers has seen Mike Ashley's Frasers Group acquire Harvey Nichols, the ailing luxury department store chain.
This move marks another attempt by Ashley to bolster his luxury fashion credentials and inject life into the stagnant sector.
Harvey Nichols, with its rich history dating back to 1831, has been struggling to adapt to changing consumer habits and market conditions.