Harrods is known worldwide as a shopping destination for luxury items. However, Harrods Limited is in some financial trouble and the market value of their shares has been reduced by 30% in the last year’s highs.
How Harrods came to be
The history of Harrods Limited stretches back more than 160 years and the story of how it came to be one of the world’s most famous luxury department stores is an interesting one. Located in Knightsbridge, London, Harrods was founded by Charles Henry Harrod in 1848 as a small drapery store. The store quickly became well-known for its high-end fashion and accessories, and it continues to uphold its reputation as one of the world’s leading luxury retailers.
Today, Harrods operates several floors of retail space and employs more than 2,000 staff members who serve customers from around the globe. The store’s vast collection of luxury brands includes items such as Chanel, Dior, Fendi, Gucci, Hermes, Louis Vuitton, Prada, and Valentino. In addition to clothing and accessories, Harrods also sells a variety of food and wine products, furniture, artworks, and home goods.
Despite its prestigious reputation, Harrods has faced some challenges in recent years. In 2013, the retailer announced that it would be closing 50 of its 163 stores worldwide due to weak sales; however, it has since announced that it will be opening 10 new stores.
Corporate History
Harrods Limited was founded in 1849 by Charles Henry Harrod, a wealthy English merchant. The company began as a small Harrods store on Oxford Street in London. Today, the company operates over 300 stores around the world, with flagship store located at Knightsbridge in London.
Today, Harrods is one of the world’s leading luxury department stores. It offers an extensive range of products and services, including clothing, accessories, home furnishings, food and beverage, and even art. In addition to its flagship store in London, Harrods operates stores in Hong Kong, Singapore, Bangkok, Istanbul, Moscow, Dubai, Milan and New York City.
In 2009, Harrods was acquired by the wealthy Qataris for a reported £1 billion. The company has since continued to grow under new ownership; in 2016 it opened its 350th store worldwide. In 2017 alone, Harrods saw revenues increase by 9% to £2.8 billion.
The company’s history reflects the changing trends in luxury shopping: from the traditional aristocratic clientele of early days to a more affluent and cosmopolitan crowd today. Whether shopping for fine clothes or luxurious home.
Why Harrods?
Harrods is a luxury department store located in Knightsbridge, London. The store was founded by Edward Harrod in 1869 and has since become one of the world’s most popular luxury retailers. Harrods offers an extensive range of products, including luxury clothing, accessories, perfume, home furnishings and food. The store is well known for its flagship Harrods Department Store on Brompton Road, which is the largest department store in the United Kingdom.
What products can you find at Harrods?
Harrods Limited, a luxury department store, is known for its high-end products. Below is a list of some of the products you can find at Harrods:
-Watches
-Jewelry
-Clothing
-Accessories
What are the most expensive items sold there?
Harrods Limited, a Luxury Department Store, sells some of the most expensive items on the planet. The following is a list of some of the most expensive items that have been sold there.
1. A diamond ring that is worth £5.3 million was sold at Harrods in 2012.
2. In 2013, a diamond necklace that was worth £19 million was sold at Harrods.
3. In 2014, a diamond ring that was worth £24 million was sold at Harrods.
4. In 2015, a ruby and diamond necklace that was worth £29 million was sold at Harrods.
Conclusion
Harrods Limited is a luxury department store founded in 1869. The store is known for its high-end fashion, accessories, and home decor. Harrods has locations in London, Paris, Dubai, and Hong Kong.