Mandarin Oriental Hotel Group has today announced that it will manage a luxurious hideaway ...
read more
Hermès has recently confirmed the opening of the very first store of its brand Shang ...
read more
With the aim of reaching 40 mono-brand stores by the end of 2012, Italian luxury menswear house ...
read more
Last week, the Royal Family of Qatar, purchased Paul Cezanne's "The Card Players" ...
read more
Conceived as a sophisticated online installation, Eberhard & Co recreates on its own ...
read more
Bulgari Hotels & Resorts, a joint venture between Marriott and the Italian jewellery ...
read more
Shanghai, the first international location for HARRODS
News 11 July 2010
British iconic luxury department store HARRODS has announced it is considering opening a new store in Shanghai, China. The iconic British department store is weighing up various new locations but has described China as "the most probable".
"There are other areas of the world where we could operate profitably," said Michael Ward, Harrods' ceo. "China is the most probable but we would have to do a lot of work first." The number of Chinese visitors is up 125 per cent this year, with an average spend of triple that of a US customer. Mohammed Al Fayed sold his emporium in May to the Qatari royal family for £1.5 billion. Al Fayed motivated the sale of Harrods because pension fund trustees stopped him taking a dividend from the business he' owned for 26 years