Harrods is known for its world-famous department store with a luxury product range, catering to upmarket and international clientele. The retailer also has airport shops in the UK, as well as its flagship London store and a store in China. The business was sold in 2010 for a reported ÂŁ1.5bn to Qatar Holding, the sovereign wealth fund of the Qatari royal family. Retail Week provides news, analysis, features and opinion about Harrods and the department stores sector.
Harrods has allocated more than ÂŁ60m in compensation via a redress scheme for the alleged victims of historical abuse.
Harrods has said it will refuse to engage with hackers that have made contact with the department store following a breach of its IT systems.
The BBC reported that âScattered Lapsus$ Huntersâ claimed responsibility for the attack on messaging app Telegram and posted pictures from within the Jaguar Land Rover (JLR) IT networks.
UK consumers are more cautious about shopping online after recent data breaches involving British retailers.
M&S is still struggling to deal with the fallout from its recent cyber-attack, with IT systems in critical business functions still not fully up and running to pre-attack levels, Retail Week understands.
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