Harvey Nicks to open in Saudi Arabia

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The Independent Online
HARVEY NICHOLS yesterday unveiled plans for a new 80,000 square foot store in the Saudi capital, Riyadh. The store, to be modelled on its flagship store in Knightsbridge, London, will open next April.

The announcement came as Harvey Nichols reported a fall in pre-tax profits for the 53 weeks to 3 April to pounds 13.8m from pounds 14m in the 52 weeks ending 28 March 1998. As well as continuing to open new stores, the group has also added a new City restaurant, Prism, following the success of the Oxo tower which saw sales rise 9.6 per cent this year over last year.