TGJones owner Modella weighs takeover of Harvey Nichols, Sky News reports

WH Smith

20/07/2026 12:49

    July 20 (Reuters) - British private equity firm Modella Capital has expressed interest in buying luxury department store chain Harvey Nichols, Sky News reported on Monday, citing industry sources.
     
Here are some more details:
The investment firm's interest in the luxury retailer comes amid media reports of approaches by major British retailers Next NXT.L and Frasers FRAS.L.
It is unclear how serious Modella Capital's intentions were for the retailer of everything luxury ranging from cosmetics and fashion brands to food and wine, the report said.
Modella Capital, which owns retailers such as Hobbycraft and Flying Tiger, recently bought and backed the restructuring of TGJones, WHSmith's SMWH.L former high street arm.
Harvey Nichols declined to comment.
Modella Capital, Next and Frasers did not immediately respond to Reuters requests for comment.
Next and Frasers have not publicly commented on reports of their interest in the brand founded in 1931.

 (Reporting by Simone Lobo in Bengaluru; Editing by Devika Syamnath)
 ((Simone.Lobo@thomsonreuters.com, +919920570373))