Harvey Nichols Flags Going-Concern Risk as Cash Runs Low

Harvey Nichols' directors warn the 195-year-old luxury chain may not survive another year. Cash is expected to run out within 12 months, with no new funding agreed. The retailer posted a £105m loss through March 2025. Owner Sir Dickson Poon put it up for sale in June; Mike Ashley's Frasers Group leads bidding at roughly £40m. Profits have been absent since the pandemic deterred big-spending foreign tourists.