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Harvey Nichols Saved by Sports Direct Owner Mike Ashley After Luxury Retailer Warned It Could Run Out of Cash

International Business Times UK — August 13, 2026 at 06:07 PM UTC

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Harvey Nichols Saved by Sports Direct Owner Mike Ashley After Luxury Retailer Warned It Could Run Out of Cash

Frasers Group has acquired Harvey Nichols, saving over 1,000 jobs. The deal includes UK stores and international franchises, with plans for significant restructuring to revitalise the luxury retailer.