Billionaire Mike Ashley's takeover of Harvey Nichols means it 'won't look like the same business'

Tycoon Mike Ashley has left everyone from staff to landlords and customers wondering what it will mean for them, as experts warn he 'isn't about saving the high street.'

Frasers Group says ‘significant restructuring’ to take place

High street billionaire claims Frasers has moved on from its discounting ways as it swoops on Harvey Nichols

Harvey Nichols warned in its latest accounts that it would need to ‘cease trading’ within a year if it failed to secure fresh funding

Sports Direct owner acquires majority of upmarket retailer’s sites from the administrators Business live – latest updates The owner of Sports Direct has bought Harvey Nichols out of administration after the upmarket department store chain warned it could run out of money if it did not find new funding. Mike Ashley’s

The move comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand.

It comes after an auction process for Harvey Nichols which saw Frasers battle retail rival Next to take control of the brand.

The 195-year-old department store will join Frasers' stable of brands, including Sports Direct, Flannels, House of Fraser and Evans Cycles.

The luxury department store chain has been saved by former Newcastle United owner Mike Ashley, after adding it to his portfolio as part of the Frashers Group

The 195-year-old department store will join Frasers' stable of brands, including Sports Direct, Flannels, House of Fraser and Evans Cycles.

Mike Ashley’s Frasers Group has struck a deal to acquire struggling luxury department store Harvey Nichols.  The group, which also owns Sports Direct and Flannels, will acquire each of the chains stores, excluding the site in Dublin, along with its online business and existing stock.  Frasers’ acquisition of Harvey Nic

HARVEY Nichols has been rescued from the brink of collapse after Mike Ashley's Frasers Group swooped in to buy the struggling luxury department store chain. It comes just days after the retailer, which has been owned by Sir Dickson Poon's family for 35 years, warned it could cease trading within a year unless it found.

The retail billionaire Mike Ashley was on Wednesday putting the finishing touches to a rescue deal for Harvey Nichols, the department store chain.