Billionaire Ashley leads race to clinch takeover of Harvey Nichols

The billionaire retail tycoon Mike Ashley is closing in on a takeover of Harvey Nichols, one of Britain’s best-known department store chains, in a deal which is expected to see the business briefly placed into administration.

Self-made tycoon Mike Ashley has revealed his interest in snapping-up struggling luxury department store Harvey Nichols after its current owner put it up for sale following head office job cuts

Sports Direct founder casts doubt over department store chain’s prospects even as he vies to acquire it