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Value £40,000,000
Summary
Frasers Group has acquired Harvey Nichols, a struggling luxury department store, through a pre-pack administration process.
Summary of transaction details:
- Value: Less than £40m
- Sector: Retail & E-commerce
- Advisor: None mentioned
- Key Entities: Frasers Group, Harvey Nichols
- Location: UK
Note: The acquisition marks the latest step in Frasers' push into luxury fashion, as it looks to expand beyond its roots in bargain sportswear.
Lead Investor / Acquirer
Frasers Group
Advising Broker
Undisclosed Firm
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Exited prioritisedOriginal Source
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