UK-listed Frasers Group has emerged as the leading contender to acquire department store chain Harvey Nichols, Sky News reported. The takeover is expected to involve Harvey Nichols briefly entering administration, with FTI Consulting lined up to act as insolvency practitioner under a pre-pack administration arrangement. Harvey Nichols dates back to 1831, was listed on the London Stock Exchange in 1996, and subsequently returned to private ownership. Harvey Nichols currently has around 1,200 employees, with outlets in London, Edinburgh and Leeds, UK; as well as overseas branches in Doha, Dubai, Hong Kong, Kuwait and Riyadh. "Frasers Group emerges as frontrunner for Harvey Nichols takeover – report" was originally created and published by Retail Insight Network, a GlobalData owned brand.