Harvey Nichols warns it could collapse without rescue deal, as bidders circle

Harvey Nichols, a luxury department store chain, has warned that it could collapse without a rescue deal. This means that the company is struggling financially and may not be able to continue operating without help. The warning is significant because it suggests that Harvey Nichols is in a vulnerable position, making it an attractive target for potential buyers, with Frasers Group being the frontrunner to acquire the company.

Read the source report: The Guardian