Harvey Nichols, the department store chain, has revealed plans to cut dozens of jobs as it shakes up its head office.
Some 5% of the retailer's total workforce is at risk of being axed, with reports indicating 60 London-based workers will be sacked.
Workers whose roles are impacted by the changes will be offered jobs in other parts of the business, the group said.
Rampant inflation, increases in costs and the cancelling of tax-free shopping for tourists were all cited as reasons for the rejig.
Pearson Poon, Harvey Nichols’ vice chairman, said: “We are taking action to simplify and strengthen our business by optimising our cost structure to operate more efficiently across our support team.
“Coming out of Covid has been very difficult for the wider retail industry in the UK, which faced increased inflation, cost pressures, and the loss of tax-free shopping.
“We are making difficult decisions today to ensure we are well positioned for success in a continuously evolving retail environment.”
Chancellor Jeremy Hunt ignored calls to reinstate tax-free shopping for tourists in his Spring Budget.