Harrods

Who Owns Harrods?

Harrods, the world-renowned luxury department store located in the heart of London, is a symbol of opulence and grandeur. Established in 1849 by Charles Henry Harrod, this iconic store has grown to become one of the most famous shopping destinations globally, attracting millions of visitors each year. But who owns Harrods today?

A Brief History of Ownership

Over the years, Harrods has changed hands several times. Its first significant sale occurred in 1985 when Egyptian businessman Mohamed Al-Fayed purchased the store. Under Al-Fayed’s ownership, Harrods saw extensive renovations and modernization, further cementing its reputation as a luxury retail giant.

In 2010, Harrods was sold once again, this time to the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. The acquisition, reportedly worth £1.5 billion, was part of Qatar’s strategy to diversify its investments globally.

The Qatar Investment Authority

The Qatar Investment Authority was established in 2005 to manage the wealth generated from Qatar’s oil and gas reserves. Over the years, QIA has made numerous high-profile investments in various sectors, including real estate, banking, and retail. The acquisition of Harrods fits well within their portfolio of prestigious assets, which includes stakes in companies like Volkswagen, Barclays, and The Shard in London.

Harrods Today

Under the ownership of the Qatar Investment Authority, Harrods continues to thrive. The store has expanded its offerings and services, introducing exclusive boutiques, gourmet food halls, and luxury spas. Harrods also maintains a strong online presence, catering to a global clientele.

The QIA’s investment has ensured that Harrods remains at the forefront of luxury retail, preserving its legacy while adapting to the changing market landscape. This blend of tradition and innovation keeps Harrods as a top destination for both locals and tourists seeking the finest products and experiences.

For more detailed insights into the ownership of various prominent brands and businesses, visit Who Owns.

In conclusion, Harrods is currently owned by the Qatar Investment Authority, a testament to the global nature of luxury brands and their appeal to international investors. The store’s rich history and continued success under QIA’s ownership highlight its enduring allure and significance in the world of luxury retail.