Harvey Nichols might scrap its luxurious hampers in bid to chop prices

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Your assist makes all of the distinction. Learn extra Harvey Nichols might scrap its luxurious hampers and own-brand meals as a part of a significant restructuring plan to save cash.

Round 70 roles, representing 5 per cent of the luxurious retailer's 1,400-strong workforce, are in danger as the corporate launches a three-year turnaround programme.

The overhaul, led by CEO Julia Goddard, goals to revive profitability by specializing in core choices.

The division retailer is contemplating vital modifications to its enterprise mannequin, together with probably discontinuing its own-brand meals merchandise, hampers, and company meals providers.

Its on-line meals market can also be beneath evaluation. These potential cuts are a part of a broader technique to sharpen the corporate's concentrate on style, magnificence, and hospitality.

Goddard, who took the helm final 12 months, is spearheading the hassle to enhance the retailer's monetary efficiency. The corporate has initiated consultations with workers concerning the proposed restructuring.

<img src="https://static.independent.co.uk/2024/12/04/14/Harvey-Nichols-assorted-mini-mince-pies-and-mulled-wine-hamper.jpg" srcset="https://static.independent.co.uk/2024/12/04/14/Harvey-Nichols-assorted-mini-mince-pies-and-mulled-wine-hamper.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2024/12/04/14/Harvey-Nichols-assorted-mini-mince-pies-and-mulled-wine-hamper.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Harvey Nichols is well known for selling its own range of food and drink hampers" class="sc-1mc30lb-0 QHifS inline-gallery-btn"/> open picture in gallery

Harvey Nichols is well-known for promoting its personal vary of food and drinks hampers (Harvey Nichols) Harvey Nichols mentioned it has secured a raft of recent style manufacturers and is pushing ahead with a significant refurbishment of its Knightsbridge retailer to draw extra prospects.

An organization spokeswoman mentioned: “Harvey Nichols is present process a big transformation to re-establish the model as a British icon and flagship vacation spot.

“As a part of this transformation, we've already secured 75 new style manufacturers for 2025.

“In step with this technique and the concentrate on our core style and wonder edit, we're placing ahead proposals concerning the non-core areas of our enterprise and the restructuring of a few of our groups.