Harvey Nichols warns it could collapse without rescue deal, as bidders circle
by Jasper Jolly from World news | The Guardian on (#77JW0)
Mike Ashley's Frasers Group is frontrunner to buy Knightsbridge-headquartered department store chain
Harvey Nichols has warned that it will not be able to survive another year without new investment, as bidders for the Knightsbridge-headquartered department store chain circle.
The retailer's Hong Kong-based owner, Dickson Poon, put it up for sale in June, with Mike Ashley's Frasers Group aiming to buy it for about 40m.
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