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Harvey Nics Redundancies

Sunday Times newspaper - July 2020

Our whistleblower was keen to expose the fact that Harvey Nichols were making redundancies.

We placed the story in the Sunday Times business section.

The pandemic is not discriminating between discount and luxury retail: Harvey Nichols, the store favoured by Edina and Patsy in Absolutely Fabulous, has warned of redundancies.

In an email to its 1,500 employees, chief executive Manju Malhotra said the crisis would “change the shape . . . of this remarkable business”, adding: “We envisage there may be staff redundancies at all locations.”

Harvey Nichols, which traces its roots to 1831, has seven UK stores, including in London, Birmingham and Leeds, and six sites overseas. Owned since 1991 by Hong Kong tycoon Dickson Poon, it was the hot destination during the 1990s shopping boom: the bar atop the Knightsbridge branch was seen as the perfect place to relax after a spree.

Harvey Nichols, which posted sales of £91m in the year to the end of March 2019 and pre-tax profits of £2.7m, said “no decisions” had yet been made on the number of staff to be made redundant.

“We value each of our employees and their contribution to the business and are doing everything we can to avoid or minimise the number of redundancies,” the company said.