Non-dom reforms blamed for collapse of Harrods luxury property arm Property The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge. London estate agents said the collapse of [...]
Turnbull & Asser: The King’s tailor who hasn’t made a profit since 2015 Retail High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has also supplied clothes for James Bond films, has racked up another pre-tax loss to extend its run without a profit to nine years. Turnbull [...]
Mohamed Al Fayed ‘manipulated’ Harrods managers to hide alleged sexual abuse Business A former Harrods director, who worked in Al Fayed’s private office for 18 months, told BBC News the former boss would sack those he could not control.
Harrods boss admits after Mohamed Al Fayed allegations: ‘We failed our colleagues’ September 26, 2024 The current managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations about former owner Mohamed Al Fayed. Michael Ward said in a statement that it is clear Mr Al Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”. Mr Ward, who [...]