Harvey Nichols bought by owner of Sports Direct

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Image source, Getty Images By Yasmin Rufo Business reporter Published 13 August 2026, 13:40 BST Updated 5 hours ago Luxury department store Harvey Nichols has been bought by the owner of Sports Direct, which warned a "significant restructuring" was needed to ensure the 200-year-old business remains sustainable. Mike Ashley's Frasers Group will take control of the Harvey Nichols stores, including its flagship in Knightsbridge, as well as the international franchise. The department store was immortalised in BBC sitcom Absolutely Fabulous, but had faced challenges in recent years. The firm had appointed administrators in June. Michael Murray, Frasers' chief executive and Ashley's son-in-law, called the store a "British institution with significant potential" but added "clear meaningful change is needed". "The turnaround will require tough choices and we are prepared to make those decisions, even if that means a smaller business in the near t...

Stocks making the biggest moves premarket: Tapestry, Yeti, Bullish, StubHub, Cerebras & more

Stocks making the biggest moves premarket: TPR, YETI, BLSH, STUB, CBRS Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in premarket trading: Tapestry The parent of Kate Spade and Coach dropped 7% on underwhelming results for the fiscal fourth quarter . Tapestry earned $1.32 per share on revenue of $1.88 billion. While earnings were above the FactSet consensus of $1.28 per share, revenue only just exceeded a $1.87 billion estimate. The company did increase its quarterly dividend to 46.25 cents per share from 40 cents per share Yeti The drinkware and cooler maker slipped nearly 4% after the company reported mixed second-quarter results. Yei earned an adjusted 67 cents per share, topping a FactSet consensus estimate of 54 cents per share. Revenue, meanwhile, came in at $483.9 million, just above a $483.8 million estimate. Birkenstock The U.K.-based shoe company jumped 10% after its quarterly revenue and adjusted earnings before interest, taxes, depreciation, and amortization beat expectations. Birkenstock also said it expects its full-year revenue and adjusted EBITDA to come in at the high end of its prior guidance. Bullish Shares added 1% on the back of Bullish's second-quarter results. Revenue came in at $92.6 million, topping the $87.4 million expected from analysts polled by FactSet. The company also raised its full-year guidance for subscription, services and other revenue. JD.com U.S.-listed shares of the Chinese e-commerce company fell roughly 4%, despite posting a beat on the top and bottom lines. JD.com's adjusted earnings were 6.29 yuan per share, versus the FactSet consensus estimate of 5.61 yuan. Revenue decreased year over year to 346.4 billion yuan, but still topped the 342.33 billion expected from analysts. EnerSys The battery manufacturer jumped 13% after its quarterly earnings and revenue handily topped Wall Street's expectations. EnerSys saw adjusted earnings of $3.66 per share for its fiscal first quarter, versus the $2.84 billion expected from analysts polled by FactSet. Revenue was $935.6 million, compared to the $928 million consensus estimate. The company's second-quarter EPS guidance also topped expectations. Grocery Outlet The grocer reported EPS of 20 cents for its second quarter, versus the 13 cents expected from analysts, per FactSet. Revenue was $1.19 billion, versus the $1.17 billion consensus estimate. Shares gained 9%. Jack in the Box The fast food chain gained more than 6% on better-than-expected earnings for the company's fiscal third quarter. Jack in the Box earned 96 cents per share, topping a FactSet estimate of 88 cents per share. Red Robin Gourmet Burgers The restaurant chain posted second-quarter results that beat analyst expectations, sending shares higher by nearly 4%. Red Robin earned 12 cents per share, excluding certain items, on revenue of $277.6 million. Analysts expected the company to break even on revenue of $265.8 million. Coherent The photonics company lost 5% in extended trading after adjusted gross margin for the fourth quarter was roughly in line with estimates. Non-GAAP gross margin was 40.2%, while the StreetAccount...

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