How the sale of Harvey Nichols is costing luxury brands | FT #shorts
Financial TimesBrands including Chloé, Victoria Beckham and Coach are set to recover less than 15p in the £ after the luxury department store chain went into administration owing £270mn to unsecured creditors. The FT's retail correspondent Laura Onita explains why Frasers’ purchase of Harvey Nichols has caused unease among both suppliers and staff. ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes