Mike Ashley's Frasers Group has bought Harvey Nichols after the department store chain appointed administrators, the Sports Direct owner has announced.
Acquisition Details
The announcement confirms that Frasers Group, which also owns Sports Direct, has acquired the luxury department store. The move follows Harvey Nichols' appointment of administrators.
Background
Harvey Nichols is a well-known department store chain with a flagship branch in Knightsbridge, London. The company's financial difficulties led to the administration process.
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