Next and Frasers go head to head for control of Harvey Nichols Retail Retail giants Next and Frasers are set to go head to head for control of ailing department store Harvey Nichols when the Hong Kong-owned firm takes bids from British suitors later on Tuesday. The Knightsbridge-headquartered department store chain was put up for sale last month by its owner, Hong Kong billionaire Sir Dickson Poon, and [...]
Mike Ashley’s Frasers muscles in on Harvey Nichols sale Retail Mike Ashley’s Frasers Group has gatecrashed the sales process for Harvey Nichols, defying the initial objections of the luxury department store’s brand partners. The fashion group, founded by billionaire Ashley, has successfully entered into the auction for the high-end retail group after demanding it be allowed to take part, Morning Wire understands. Harvey Nichols had [...]
Non-dom reforms blamed for collapse of Harrods luxury property arm Property The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge. London estate agents said the collapse of [...]
Pubs outraged as Selfridges and Harrods see business rates slashed December 8, 2025 Rachel Reeves is facing a backlash for a cut to business rates for the likes of Selfridges and Harrods while many pubs and restaurants see a huge hike. Analysis has found that a new shake-up of business rates will cause the tax bill of luxury stores to fall, while smaller venues face double-digit increases. Harrods’ [...]
Have your say – and you could win a £500 Harrods gift card December 2, 2025 For two decades, Morning Wire has kept readers up to date with the biggest stories in business and finance from London and beyond. We want to make Morning Wire even better, and that starts with understanding what you value most. By sharing your views, you’ll help shape the news, opinions and analysis we deliver – [...]
Vacheron Constantin’s 270-year journey pulls up to Harrods October 23, 2025 If you go down to Knightsbridge today, you’re sure of a big surprise. And it doesn’t end with the soaring takeover of Harrods’ entire facsia with all manner of perpetual calendars and tourbillons looming as you emerge from the Sloane Street exit. Vacheron Constantin – AKA Switzerland’s most venerable horological name, in continuous production for [...]
Microsoft pushes AI agents in cyber security amid growing threats September 30, 2025 Microsoft has unveiled a sweeping overhaul of its Sentinel platform, pitching it as an “AI-ready security platform” designed to meet the speed and scale of modern cyber attacks. The tech heavyweight says its new data lake and AI agents will give security teams the ability to act in real time, blocking phishing attempts or compromised [...]
Harrods’ customer details stolen in IT breach September 27, 2025 Harrods has warned some customers that their personal data may have been taken in an IT systems breach. The luxury Knightsbridge department store said information, such as names and contact details, of its e-commerce customers was taken after one of its third-party provider systems was compromised. In a statement, Harrods said: “We have been notified [...]
The growing cost of cyber attacks: Why cyber insurance matters September 26, 2025 This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage. Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend [...]
JLR staff told to stay at home amid massive cyber attack disruption September 5, 2025 Thousands of workers at Jaguar Land Rover (JLR) were told to ‘stay at home’, and customers are facing major delivery delays after a cyber attack forced the company to shut down production across its plants. The incident, which began on Sunday, halted the UK’s biggest carmaker’s operations at sites in Solihull, Halewood, Wolverhampton and Castle [...]