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.
Retail Week sat down with the founder of new luxury trainer brand Born Outside Italy, to discuss opportunities in the UK market, the importance of physical retail and why there’s still an opportunity within the struggling luxury market.
Embattled department store Harrods is in the process of dealing with over 250 claims for compensation being bought against it by former employees alleging historic sexual misconduct against former owner Mohamed Al Fayed.
Department store group Fenwick has opened the doors to what it claims to be “the largest UK beauty hall outside London”.
More women have come forward to say that they were abused by former Harrods owner Mohamed Al Fayed.
Long-serving former Harrods executive Nigel Blow has slammed department store chain Fenwick, claiming it withdrew its offer of making him its chief executive because of his time working for Mohamed Al Fayed.
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