Mike Ashley's Frasers Group buys Harvey Nichols after high street giant's plunge into administration

Mike Ashley the Sport Direct tycoon indicated his interest in snapping-up Harvey Nichols last week - now he has announced his Frasers Group has bought the famous department store chain

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

Retailer purchases department store through pre-pack administration deal

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.

It has been warned that the retailer needs to obtain emergency funding or face a potential collapse

Harvey Nichols could collapse following the publication of its latest accounts.

Mike Ashley’s Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chain Can Harvey Nichols find its way back to being Ab Fab again? Business live – latest updates Harvey Nichols has warned that it will not be able to survive another year without new investment, as bidders for the Knights