Modella Capital Explores Acquisition of Harvey Nichols

Key facts

• Modella Capital, a British private equity firm, is reportedly interested in acquiring Harvey Nichols.
• Modella Capital owns retailers including Hobbycraft and Flying Tiger.
• TG Jones, formerly WHSmith's high street arm, was recently acquired and restructured by Modella Capital.
• Other retailers, Next and Frasers, have also reportedly made approaches to Harvey Nichols.
• The seriousness of Modella Capital's intentions for Harvey Nichols is currently unclear.

British private equity firm Modella Capital has reportedly expressed interest in acquiring the luxury department store chain Harvey Nichols. The firm, which owns retailers such as Hobbycraft and Flying Tiger, recently purchased and supported the restructuring of TG Jones, the former high street arm of WHSmith.