Rubin Family Initiates Legal Action Against Harvey Nichols Over Unpaid Debt
A winding-up petition has been filed against the luxury department store, which faces potential closure if the debt is not settled.
A company associated with the Rubin family has initiated a High Court action against the luxury department store Harvey Nichols over an alleged unpaid debt. The winding-up petition, filed last Thursday, could force the closure of the Knightsbridge-based retailer unless the debt is paid.
Stephen Rubin, 88, heads a business dynasty that owns numerous sports and outdoor brands, including Lacoste and Berghaus, and holds a majority stake in JD Sports. His family's company is behind the legal action targeting the department store, known globally for its appearances in the 1990s sitcom Absolutely Fabulous.
Harvey Nichols has stated that "payment has been made" to the Rubin family's company, who declined to comment on the matter. The development comes amid reports that Mike Ashley, founder of Sports Direct, may be interested in acquiring Harvey Nichols' regional stores.