UK fashion retailer Next is preparing to launch a takeover bid for Harvey Nichols, the luxury department store chain, according to a report by Sky News cited by RTÉ Business over the weekend.
Reuters could not immediately verify the claim, and Harvey Nichols declined to comment on the speculation.
The potential acquisition would represent a major expansion for Next, which has traditionally focused on high-street apparel and home goods, into the premium retail segment.
The report comes shortly after Next raised its full-year profit guidance, citing robust customer demand that has outpaced rising costs linked to the ongoing conflict in the Middle East.
The company’s recent financial strength may provide the capital base necessary for such a large-scale strategic move.
If confirmed, the bid would reshape the UK retail landscape, combining Next’s operational scale with Harvey Nichols’ luxury brand portfolio.