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 £1.5bn 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.
Harvey Nichols has yet to find contemporary relevance, but news this week from Fenwick, Harrods and John Lewis showed that other department store groups are not standing still, believes George MacDonald
The luxury London department store chain recorded a pre-tax profit of £84.9m in the year ending January 31, according to a Sky News report
Upmarket department store Harrods has named Andreas Efstathiou as its new chief operating officer.
Harrods has teamed up with London-based charity Traid as part of its efforts to reduce waste and prolong the life of unsold products.
More than 180 survivors of abuse from ex-Harrods owner Mohammed Al Fayed are currently “engaged” in the luxury department store’s compensation scheme.
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