Harrods
This coverage examines Harrods’ role and performance within the UK retail sector, focusing on its luxury positioning, store operations, and strategic initiatives. Explore reporting on flagship store developments, seasonal campaigns, brand partnerships, executive changes, and financial performance — all with an emphasis on commercial impact and relevance to professionals managing retail operations, brand strategy, and high-end customer experiences.
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Nov- 2020 -9 NovemberDepartment Stores
Harrods forced to reorganise £200m credit
Harrods has been forced to reorganise its £200m credit line due to the second national lockdown causing the closure of its flagship Knightsbridge store. According to The Sunday Times, the department store negotiated a revolving credit facility with the Qatar National Bank in August, to avoid breaching covenants it made…
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2 NovemberClothing & Shoes
Superdry names interim CFO
Superdry has announced that it has appointed Benedict Simon as its chief financial officer on an interim basis. This new appointment follows the fashion retailer’s announcement last month that Nick Gresham has stepped down from the role with immediate effect. Simon has 18 years of experience as CFO of a…
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Oct- 2020 -13 OctoberLuxury Goods
Aspinal of London to close all 10 stores
Luxury goods brand, Aspinal of London, has agreed a company voluntary arrangement (CVA) approved by its creditors, thus permanently closing all 10 of its stores. According to Drapers, the decision was agreed upon “comfortably” with 75% of creditors giving the green light. None of the company’s 10 stores have reopened…
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Jul- 2020 -28 JulyDepartment Stores
Harrods boss warns tourists may not return until 2022
The managing director of the iconic department store Harrods has warned that US and Asian tourists may not return until 2022 after the store revealed a significant drop in the number of visitors to the store. According to The Telegraph, Ward, speaking to investment bank Jeffiries, revealed the number of…
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2 JulyHigh Street
Casual Dining Group falls into administration
The owner of Bella Italia and Café Rouge, Casual Dining Group, has fallen into administration. According to a report by the BBC, almost 1,900 of the group’s 6,000 strong workforce have been made redundant, with 91 sites closing their doors for good. The BBC said AlixPartners, the appointed administrators, will…
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2 JulyCoronavirus
High street retailers ‘urgently’ need government recovery plan, says Usdaw
Shopworkers union Usdaw has urged the government to agree with employers and trade unions a recovery plan for the high street as “thousands of further job losses are announced”. The union said the scale of job losses across the retail industry is “accelerating” as the high street continues to struggle…
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1 JulyCoronavirus
Harrods to cut 700 jobs
Luxury department store Harrods is set to cut around 700 jobs as it attempts to weather the storm caused by the coronavirus pandemic. According to The Guardian, Harrods has told its staff that one in seven of its employees would be affected by jobs cut. The paper revealed that in…
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May- 2020 -28 MayHigh Street
McColls appoints Giles David as CFO
McColls Retail Group has announced the appointment of Giles David to its board as chief financial officer (CFO). David will join the group on 1 June having previously held the position of CFO at Casual Dining Group, a position he was appointed to in 2017. He has over 20 years…
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Apr- 2020 -3 AprilPeople Moves
Fenwicks CEO and non-executive chair to exit
Department store chain Fenwicks has announced that its CEO and non-executive chair are to exit the company. Robbie Feather will step down as chief executive and be succeeded by John Edgar, an “experienced” retail executive who spent periods as chief financial officer of both Selfridges and Harrods. Most recently Edgar…
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Mar- 2020 -25 MarchDepartment Stores
Fenwick closes online operations amid Covid-19 virus outbreak
Department store Fenwick has announced the temporary closure of its online operations amid the ongoing coronavirus pandemic. Fenwick closed all its retail stores across the UK last week and has now ceased its e-commerce operations after the prime minister urged all stores selling “non-essential” products to close to help prevent…
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