Dickson Concepts, parent of luxury department store Harvey Nichols, has warned of significant financial declines, with projected drops of 20% in sales and 42% in net attributable profit for the year ended March 31. The company cites changing retail patterns as local travelers seek value destinations and Chinese tourists deprioritize shopping in Hong Kong. Meanwhile, company founder Dickson Poon recently offered to take the group private in a deal valued at approximately HK$1.1 billion ($141.6 million).