Retail news
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Al Fayed leaves Harrods in style
- Posted:
- 05 October 2010 09:50
Mohammed Al Fayed is leaving Harrods in fine form after reporting a 12% rise in sales and 40% in profits at the Knightsbridge store. The company made pre-tax profits of £78 million in the year to January 31st, two and a half times the £30 million the retailer made in ...read more
Harrods to open Shanghai store
- Posted:
- 27 July 2010 10:25
Harrods is in talks with Shanghai's municipal government on openings its first store outside the UK, according to the China Daily newspaper. The retailer is keen to open a department store where British banks and merchant houses once traded, the newspaper said, but choices are limited to just a few ...read more
Harrods offers sales degree to staff
- Posted:
- 23 June 2010 09:49
An honours degree in sales will be on offer at Harrods from this month, it was announced today.But the qualification will not be able to the general public. The retailer has revealed it is to offer the degree to its staff as part of a plan to boost career prospects.The ...read more
Al Fayed agrees £1.5 billion Harrods sale
- Posted:
- 10 May 2010 09:33
Mohammed Al Fayed has agreed to sell prestigious London department store Harrods to the Qatar Holdings – the investment vehicle of the Qatari royal family. The deal, thought to be worth £1.5 billion, was agreed in the early hours of May 8th, according to press reports. Mr Al Fayed acquired ...read more
Cadbury to open high street cafes
- Posted:
- 09 April 2010 09:35
Kraft has given the green light to a chain of Cadbury cafes serving afternoon tea and chocolates, it was reported today. It is understood that the deal to roll out the concept was signed before the US company's hostile takeover bid was successful. Now Kraft has thrown its weight behind ...read more
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