De Rigo vs Frasers Group

Lozza presenta la nuova collezione FW26/27 sul Lago di Garda

De Rigo's news page has been updated with new press releases including Lozza FW26/27 collection, Roberto Cavalli's House of Prints, Philipp Plein Eyewear FW26/27, and Chopard Eyewear FW26/27.

Yalea presenta la nuova campagna FW26/27: “FEEL MORE. SEE BEYOND”

De Rigo's Yalea brand launches its new FW26/27 advertising campaign titled 'FEEL MORE. SEE BEYOND'.

Frasers Group forms luxury unit with over £1B revenue

Frasers Group is advancing its transformation into a luxury-focused international retail and investment conglomerate by establishing Frasers Group Luxury, a new unit that consolidates its UK and US luxury operations. The unit, centered on Flannels, Harvey Nichols, and The Webster, generates over £1 billion in revenue with more than 100 stores. Flannels serves as the operational core with over 80 UK stores, while Harvey Nichols, acquired via prepack administration in August 2026, and The Webster, acquired in 2025, provide prestige and US market entry. The group also holds significant stakes in Hugo Boss (47.89%), Mulberry (37.1%), and Burberry (6.32%). Strategic expansion will be organic and through acquisitions and investments.

• Frasers Group created 'Frasers Group Luxury' to consolidate its UK and US luxury businesses.
• The new unit generates over £1 billion in revenue and operates more than 100 stores.
• Flannels operates over 80 stores in the UK and is the core of the luxury strategy.

Harvey Nichols relaunches online shop after Frasers takeover

Harvey Nichols has relaunched its online shop less than a month after being acquired by Frasers Group. The website, previously shut down during the transition, is now operated by Frasers Group Trading Limited. The relaunch includes the promotion of Frasers Plus loyalty program, offering interest-free installments. The takeover, completed on August 13, 2026, included six UK department stores, online operations, and international franchises, with over 1,000 employees transferred. Unsecured creditors, including suppliers, face significant losses, with claims of £270.5 million potentially recovering less than 15 pence per pound. The new owner faces the challenge of stabilizing supplier relationships, reducing costs, and integrating Harvey Nichols into its luxury portfolio without losing its distinct brand identity.

• Harvey Nichols relaunched its online shop in September 2026, operated by Frasers Group Trading Limited.
• The acquisition by Frasers Group closed on August 13, 2026, via a pre-pack administration.
• The deal included six UK department stores, online operations, and international franchise agreements.

Frasers Acquires Harvey Nichols from Insolvency

Frasers Group completed a pre-pack acquisition of Harvey Nichols on 13 August 2026, buying six UK department stores (Knightsbridge, Manchester, Birmingham, Bristol, Leeds, Edinburgh), the online business, inventory, international franchise agreements and more than 1,000 employees. The online shop was temporarily taken offline while Frasers integrates IT, stock and processes; customers were advised that refunds and gift vouchers issued before the sale must be claimed from the insolvency administrator. The parties did not disclose the price; media reported about £40 million. Harvey Nichols recorded five consecutive loss-making years, including a pre-tax loss of £35.3m on roughly £204.9m of sales in 2023/24 and a later post-tax loss heavily affected by a ~£169m intercompany loan write-down. Frasers plans to restructure the store portfolio, operations and cost base and apply its technology, logistics and buying capabilities in the turnaround.

• Pre-pack acquisition completed 13 August 2026; price not disclosed (media reports ~£40m).
• Transaction transferred six UK stores, the online business, inventory, international franchise agreements and more than 1,000 employees.
• Harvey Nichols had five consecutive loss-making years, including a £35.3m pre-tax loss in 2023/24 and a later post-tax loss heavily affected by a ~£169m intercompany loan write-down.