Harvey Nichols warns of job cuts as Covid-19 “changed shape of business”

Harvey Nichols Manju Malhotra job cuts redundancies

Harvey Nichols has reportedly warned of redundancies as the Covid-19 crisis “changed the shape of the business”.

In an email to its 1500 employees, the luxury retailer’s chief executive Manju Malhotra said the coronavirus crisis has “changed the shape of the business”, adding that it expects there may be staff redundancies at all locations.

Harvey Nichols, which posted sales of £91 million in the year to the end of March 2019 and pre-tax profits of £2.7 million, said “no decisions” had been made yet on the number of staff set to be made redundant, The Sunday Times reported.

The retailer said it “values” each of its employees and their contribution to the business and is currently doing everything it can to “avoid or minimise the number of redundancies”.

Harvey Nichols has seven UK stores, including in London, Birmingham and Leeds, and six sites overseas.

In February, Harvey Nichols saw its group marketing and creative director Deborah Bee exit from the department store “to pursue new career opportunities and her writing projects”.

Bee’s departure followed the joint chief operating officer’s Daniela Rinaldi exit, who in 2019 after 35 years at the firm.

In separate news, fashion retailer Ted Baker announced on Sunday that it is planning to cut 500 jobs across retail and its head office in a bid to save £6 million on costs.

Read the full article here – retailgazette.co.uk