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.
Some retailers are facing increases of hundreds of thousands of pounds in their business rates on certain properties, while Harrodsâ bill is set to fall by over ÂŁ1m
âTis the season when many retailers get creative with their windows to help ensure the tills ring merrily over the Christmas period.
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.
Advertisement
