Harvey Nichols

Frasers Group has completed the acquisition of luxury department store chain Harvey Nichols out of administration for £43.3m.

Summary of transaction details:

• Value: £43.3m
• Sector: Consumer Goods
• Advisor: FTI Consulting
• Key Entities: Frasers Group, Harvey Nichols
• Location: United Kingdom

Note: The transaction follows a challenging period for Harvey Nichols marked by post-lockdown pressures, the end of the UK VAT-free shopping scheme for tourists, and heavy debts to luxury brand suppliers.