Around 1,200 jobs are at risk, as well as the future of its UK store estate, including its flagship Knightsbridge location and branches in Leeds and Edinburgh. Harvey Nichols warns it could collapse with 1,200 jobs at riskMike Ashley’s Frasers Group has emerged as the leading candidate to take over the troubled retailer. The takeover would be through a pre-pack administration, which could see the business briefly enter administration before being sold, according to Sky News. Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration. Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.