The next overseas Harvey Nichols store is to open in Jakarta, Indonesia, through the company that holds the Indonesian franchise for Debenhams and Marks & Spencer.
The luxury department store group has signed a licence agreement with Jakarta-based retail group PT Mitra Adiperkasa to open a 108,000 sq ft store at the Grand Indonesia Shopping Town development.
The four-storey store will be less than half the size of the company's London flagship and will carry fashion, fragrance, beauty and home areas, as well as the retailer's Foodmarket concept and restaurants.
It will be Harvey Nichols' fifth venture outside the UK and Republic of Ireland, after stores opened in Riyadh, Hong Kong, Dubai and Istanbul. The retailer has UK stores in London, Birmingham, Edinburgh, Leeds and Manchester, as well as a shop in Dublin. A store will open in Bristol in 2008.
Chief executive Joseph Wan said another five stores could give Harvey Nichols the critical mass to launch an own-brand fashion label. "With one store we could not fulfil the minimum requirements for reputable manufacturers. When we have 16 or 18 doors then I know that we can satisfy those minimums," he added.
It is believed that Harvey Nichols aims to open in India in two to three years, while stores in Moscow, Beijing and Shanghai are on the radar.
PT Mitra Adiperkasa operates some 600 stores in Indonesia, from fashion and footwear to food and books. It has franchise deals with Debenhams, M&S, Zara, Nine West, Topshop and Reebok.