Harvey Nichols Sale: Brands to Recover Less Than 15p in the Pound
UKPulse Money Desk
Luxury brands, including Chloé and Victoria Beckham, are expected to recover less than 15p in the pound following Frasers Group's acquisition of Harvey Nichols.
- The sale of Harvey Nichols is anticipated to cost luxury brands millions.
- Brands like Chloé and Victoria Beckham are among those affected.
- Frasers Group has purchased the department store chain.
The sale of luxury department store chain Harvey Nichols to Frasers Group is expected to result in significant losses for several luxury brands. Brands including Chloé and Victoria Beckham are reportedly set to recover less than 15p in the pound.
This outcome of the acquisition is anticipated to cost these luxury brands millions of pounds.