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    Harvey Nichols bought from administration by Frasers

    15 minutes ago

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    Mike Ashley's Frasers Group has acquired Harvey Nichols after the department store chain entered administration. Following a competitive auction against rival Next, Frasers aims to oversee a turnaround for the brand, which includes six stores across the UK. The company acknowledges that significant changes are necessary for long-term sustainability, potentially resulting in a smaller business initially.
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