Harvey Nichols’ Birmingham store to close in January
Summary
Harvey Nichols will close its Birmingham store in January, leading to at least 60 job losses. The company’s Leeds and Bristol stores will change to the Flannels brand as part of a restructuring by Mike Ashley’s Frasers Group.Key Facts
- Harvey Nichols’ Birmingham store will close in January after 25 years.
- At least 60 jobs will be lost due to the Birmingham closure.
- Leeds and Bristol Harvey Nichols stores will be rebranded as Flannels.
- Frasers Group, owned by Mike Ashley, bought Harvey Nichols for £43 million in August when it went into administration.
- The deal saved about 1,000 jobs and 6 UK stores out of 1,200 jobs and 8 stores.
- Frasers Group plans to keep some Harvey Nichols stores, like Knightsbridge in London and Edinburgh, but the future of Manchester and London stores is unclear.
- Frasers Group has been expanding its luxury fashion brands, including growing its stake in Hugo Boss and owning Flannels and Mulberry.
- The group acquired House of Fraser in 2018 and closed many of its stores while focusing on luxury fashion.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
