High Street Exodus: Harvey Nichols, Whitbread, and Sainsbury's All Retreat

£35.3m — Harvey Nichols' pre-tax losses in 2024, the latest red ink for a Knightsbridge icon that hasn't turned a profit since the pandemic.

Money Moves

• Harvey Nichols M&A heats up — Frasers Group and Next are battling to acquire the struggling department store, with owner Sir Dickson Poon seeking £50–60m. Mike Ashley told the Financial Times he thinks the price needs to drop to £40m or less.
• Whitbread axes 66 restaurant sites — Cookhouse + Pub...