Mike Ashley's Frasers Group has bought Harvey Nichols after the department store chain appointed administrators, the Sports Direct owner has announced.
Interest Expressed Last Week
The Sports Direct tycoon, who has a long history of buying struggling retailers, indicated his interest in snapping up Harvey Nichols last week after its current owner put it up for sale.
This is a breaking news story. Further details are expected to follow as the acquisition is finalized.
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