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54 Joseph Wan

Chief executive, Harvey Nichols

Razor-sharp Joseph Wan predicted a tough 2011 at the start of the year, and he was right. Despite a 15% rise in unaudited profits at the luxury department store to £16.1m for the year to the end of March, like-for-like sales slumped until April. Not helping matters was the resignation of buying supremo Averyl Oates in October. Not one to lick his wounds, Wan joined forces with Harrods managing director Michael Ward to call on the Government to make it easier for high-spending Chinese shoppers to visit London by relaxing visa restrictions. UK shoppers may be feeling the pinch, but the Chinese certainly aren’t. A store in China in the next two or three years is on the cards.

Word on the tweet. “I didn’t get all the fuss over the Harvey Nichols display window until I saw the fake snow shooting onto the street”

Last year’s position 58

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