Wire report
Can Harvey Nichols find its way back to being Absolutely Fabulous again?
Mike Ashley says it’s in a ‘death spiral’ but a refocus on design could be what the department store needs Such was the buzz around Harvey Nichols in its 90s heyday that the department store was regularly name-checked in Absolutely Fabulous, with Edina and Patsy’s frequent retail therapy trips to the store reflecting its position at the heart of the fashion industry at the time. How times change. These days Harvey Nichols is a business in trouble, one that has not turned a profit since the pandemic. Pre-tax losses were £35.3m in 2024. The retail chain – comprising the the original store in Knightsbridge, London, plus stores in cities including Bristol, Leeds and Manchester – was put up for sale in June by its current owner, Sir Dickson Poon, with Mike Ashley’s Frasers Group and Next bidding to take control. Continue reading...
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Mike Ashley says it’s in a ‘death spiral’ but a refocus on design could be what the department store needs Such was the buzz around Harvey Nichols in its 90s heyday that the department store was regularly name-checked in Absolutely Fabulous, with Edina and Patsy’s frequent retail therapy trips to the store reflecting its position at the heart of the fashion industry at the time. How times change. These days Harvey Nichols is a business in trouble, one that has not turned a profit since the pandemic. Pre-tax losses were £35.3m in 2024. The retail chain – comprising the the original store in Knightsbridge, London, plus stores in cities including Bristol, Leeds and Manchester – was put up for sale in June by its current owner, Sir Dickson Poon, with Mike Ashley’s Frasers Group and Next bidding to take control. Continue reading...
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What happened
According to The Guardian’s linked report, Can Harvey Nichols find its way back to being Absolutely Fabulous again?, Mike Ashley says it’s in a ‘death spiral’ but a refocus on design could be what the department store needs Such was the buzz around Harvey Nichols in its 90s heyday that the department store was regularly name-checked in Absolutely Fabulous, with Edina and Patsy’s frequent retail therapy trips to the store reflecting its position at the heart of the fashion industry at the time. How times change. These days Harvey Nichols is a business in trouble, one that has not turned a profit since the pandemic. Pre-tax losses were £35.3m in 2024. The retail chain – comprising the the original store in Knightsbridge, London, plus stores in cities including Bristol, Leeds and Manchester – was put up for sale in June by its current owner, Sir Dickson Poon, with Mike Ashley’s Frasers Group and Next bidding to take control. Continue reading…
Context
The development sits in VINI’s Technology coverage for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked report is dated 2026-08-08T11:00:44+00:00.
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Source
Primary source: Can Harvey Nichols find its way back to being Absolutely Fabulous again? via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- Can Harvey Nichols find its way back to being Absolutely Fabulous again?The Guardian - 2026-08-08T11:00:44+00:00
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