£148m for Harvey Nichols

HARVEY Nichols, the exclusive department store in Britain patronised by the Princess of Wales, is to have a price tag of £148…

HARVEY Nichols, the exclusive department store in Britain patronised by the Princess of Wales, is to have a price tag of £148.5 million sterling when it floats on the stock market later this week.

The store's owner, Dickson Concepts, the Hong Kong luxury goods company, is selling just under half of its holding. Each share would be worth 270p, valuing the company at £148.5 million.