Harvey Nichols Bought by Sports Direct Owner Frasers Group

3-line summary

• Mike Ashley's Frasers Group has bought luxury department store Harvey Nichols, including its Knightsbridge flagship and international franchise, ending a sale process that began after the 200-year-old retailer entered administration in June, according to a BBC report.
• Frasers Group CEO Michael Murray said 'significant restructuring' would be needed, while administrator FTI Consulting said the deal secures more than 1,000 jobs.

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