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58 Joseph Wan (68)

Chief executive, Harvey Nichols

Joseph Wan has continued to steady the ship at Harvey Nichols this year after the luxury department store hit choppy waters in the wake of the collapse of Lehman Brothers.

Harvey Nichols saw profits sink 40% to £10.4m in the year to March 31, 2009, but it has made a remarkable recovery this year with profits recovering to £14m, and forecast to hit £18m in the year ending March 2011.

Wan’s impeccably good manners and considered approach belie his strength of feeling on all things political as well as his drive, which has focused on pushing Harvey Nichols’ online division and changing the brand mix.

Harvey Nichols’ own-label offer launched for autumn 10 and the business has invested £1m in updating its website and putting additional stock on the site. With these changes at home, and with

his sights set on emerging markets for overseas store openings, the man at the helm has Harvey Nichols moving full steam ahead.

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