Frasers Group reported as frontrunner in Harvey Nichols sale

Frasers Group is the frontrunner to acquire Harvey Nichols, according to a report on the sale process for the UK luxury department store group. No terms have been disclosed and no agreement has been announced. A deal would extend Frasers' long-running accumulation of retail assets and its push upmarket through its Flannels and Frasers luxury formats. Harvey Nichols, which operates its flagship on London's Knightsbridge alongside regional and international stores, has reported successive years of losses.