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Harvey Nichols
Business Summary
Harvey Nichols is a privately-held department store operator, specializing in designer clothing, beauty supplies, accessories, and electronics. The company was acquired by Dickson Poon in 1991 and functions as a subsidiary of Dickson Group. Harvey Nichols has stores located primarily in the UK, but also opened stores internationally. Founded in 1813 by Benjamin Harvey, Harvey Nichols is headquartered in Central London, United Kingdom.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1813 |
| Fiscal Year End: | 03/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| Address: | 109-125 Knightsbridge |
| City: | London |
| Country: | United Kingdom |
| Website: | www.harveynichols.com |
Corporate Organization
| Parent Companies: | |
| Subsidiaries: | |
| Founders: | Benjamin Harvey |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Retail > General Merchandise Stores > Department Stores |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Financial Notes: | |
| * | Harvey Nichols fiscal year end: 03/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Harvey Nichols financials to Excel and create your own graphs.)
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Harvey Nichols Revenues (£ MM, GBP): |
Harvey Nichols Net Income (Loss) (£ MM, GBP): |
Harvey Nichols Total Employees: |
Harvey Nichols Productivity (Revenue/Employee) (£, GBP): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Oct. 1991 | Completed | Harvey Nichols | Dickson Concepts | Acquisition Divestiture | Unspecified |
| Details | Feb. 2003 | Completed | Harvey Nichols | Dickson Concepts | Acquisition of Remaining Interest Acquisition Take Private | Unspecified |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Feb. 2003 | Acquisition of Remaining Interest Acquisition Take Private | Take Private | Private |
Detailed Business Description: Harvey Nichols
Overview
Harvey Nichols began in 1813 when Benjamin Harvey established a small linen shop in Central London. The company became a subsidiary of Burton Group in 1985, and then became a subsidiary of Dickson Concepts. Harvey Nichols began trading publicly in 1996 on the London Stock Exchange. In 2003, the Dickson Group acquired the remaining interest in Harvey Nichols and took the company private. As of February 2012, Harvey Nichols has 7 stores located within the UK and 6 stores located in Hong Kong, Saudi Arabia, Turkey, and Indonesia.
Business Model
Harvey Nichols focused on what CEO Joseph Wan labels as "Pillars of Growth."
- Increased Product Diversity: After the financial crisis of 2008, Harvey Nichols realized that it could not solely target high frequency, upper class shoppers. While the number of customers did not significantly decrease, the number of products purchased by these customers did significantly decline. They introduced new product lines that encompassed a… Continue Reading →
Supplemental Resources
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