Billionaire Ashley leads race to clinch takeover of Harvey Nichols

The billionaire retail tycoon Mike Ashley is closing in on a takeover of Harvey Nichols, one of Britain's best-known department store chains, in a deal which is expected to see the business sold out of administration. The billionaire retail tycoon Mike Ashley is closing in on a takeover of Harvey Nichols, one of Britain's best-known department store chains, in a deal which is expected to see the business sold out of administration.