Harvey Nichols to close Birmingham store in January, cutting at least 60 jobs

Frasers Group will close Harvey Nichols' Birmingham store in January, cutting at least 60 jobs after 25 years of trading. Frasers, controlled by Mike Ashley, bought the chain for £43m in mid-August administration, saving about 1,000 of 1,200 jobs. The pattern to watch is whether other leases survive luxury cost pressures.