Harrods quells speculation on takeover bid

HARRODS, London’s iconic luxury department store, confirmed yesterday that it is not up for sale, following speculation over a takeover approach from a Gulf-based investor.

“We have been aware of gossip circulating over a possible sale, and we took the decision to reassure staff this morning that this was not the case,” Harrods said. “We are happy to confirm Harrods is not for sale.”

The Knightsbridge store did not say whether it has held any talks on a potential deal.