LONDON — Harvey Nichols has warned that it will collapse without a rescue deal, as the loss‑making luxury department store group edges closer to a potential pre‑pack sale. It is understood that the leading proposals would require Harvey Nichols to enter a formal administration process prior to a sale. A look at the plans for Harvey Nichols’ refurbished ground floor space at the Knightsbridge flagship. Courtesy of Harvey Nichols. Despite the financial strain, Goddard has been trying to engineer a turnaround at Harvey Nichols.