Frasers Group buys Harvey Nichols out of administration
Sports Direct owner Frasers Group has acquired luxury department-store chain Harvey Nichols for an undisclosed sum after the retailer entered administration.
In short
- Sports Direct owner Frasers Group has acquired luxury department-store chain Harvey Nichols for an undisclosed sum after the retailer entered administration.
Frasers Group, the owner of Sports Direct, has acquired Harvey Nichols after the luxury department-store chain entered administration.
The deal was announced on Thursday, August 13, 2026, and completed for an undisclosed sum on the same day that Harvey Nichols was placed into administration, according to The Guardian.
The Knightsbridge-headquartered retailer had warned that it could run out of money without new funding. Harvey Nichols operates 13 stores and employs about 1,200 people.
The acquisition adds the upmarket chain to Frasers Group’s retail portfolio. The source report did not disclose the purchase price or provide details about the future of individual stores and jobs.
