Chief executive, Harvey Nichols
Harvey Nichols boss Joseph Wan does not mince his words. Bemoaning the Government’s stance on upping non-domicile taxes and business rates, Wan foresees stormy weather for the luxury market for many years to come.
After reporting a calamitous 40% slump in profits to £10m in the year to March 31 following the seismic collapse of the banking sector in September 2008, Wan has revealed that profits are back on track. “I’m confident that we will achieve a good success out of this and come out much stronger,” he told Drapers earlier this year.
“I’m delivering the results, so that’s what’s giving me job satisfaction. I’m a happy man.” Wan’s future strategy for Harvey Nichols includes expanding its online operations, launching an own-label range, introducing directional fashion brands on a new floor in the iconic Knightsbridge store and driving its overseas operations.