Can Harvey Nichols find its way back to being Absolutely Fabulous again?

Harvey Nichols, a department store once celebrated for its prominence in 90s fashion and frequently featured in "Absolutely Fabulous," is currently facing significant financial difficulties. The company has not reported a profit since the pandemic, incurring pre-tax losses of £35.3m in 2024. Its current owner, Sir Dickson Poon, put the retail chain—which includes its flagship Knightsbridge store and other UK locations—up for sale in June, attracting bids from Mike Ashley’s Frasers Group and Next. This situation marks a stark contrast to its past success, raising questions about its future and potential strategies like a refocus on design to revive its brand.