Qatar Holdings news and archive

Harrods Managing Director to step down

Michael Ward, current managing director at Harrods, is set to step down from his role and exit the company this summer. According to reports from Sky News, Ward will be leaving his position after a decade at the head of one of the world's most iconic department stores. An announcement concerning his impending exit is said to have been made...

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Harrods records a 15 percent profit rise

Luxury department store Harrods, which is owned by Qatar Holdings, has achieved a 15 percent increase in profits last year, defying the economic climate. The retailer recorded an 11 percent sales increase to 651.7 million Pounds in the year to January 28, and has revealed that its pre-tax profit rose 15 percent to 125.3 million Pounds, due to...