Update: Market Chatter: Next plc, Frasers Among Expected Bidders for Harvey Nichols

03:17 AM EDT, 07/28/2026 (MT Newswires) -- (Updates to add Harvey Nichols statement) UK retailers Next plc (NXT.L) and Frasers Group (FRAS.L) are expected to submit their bids for department store brand Harvey Nichols on Tuesday, Sky News reported, citing insiders. One prospective buyer told the news outlet that the auction result will be available within days, according to the Monday report. Interested parties also include Dubai-based Chalhoub Group and India-based Reliance Retail, the news outlet added. Harvey Nichols declined to comment when reached by MT Newswires, while Next and Frasers did not immediately respond to requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)