The company that owns Harrods is planning a move into hospitality as part of a grand plan to make Harrods a global luxury brand.
Qatar Holding is looking to open a string of luxury hotels in cities around the world with the “target plan to open Harrods hotels in key cities such as Kuala Lumpur, New York and Paris as well as in China”.
The Qatari group bought Harrods from Mohammed Al-Fayed for £1.5billion in 2010 and over the last five years has become a major player in the British property market buying sights including Chelsea Barracks, luxury apartment complex One Hyde Park and the Olympic Village which it will take over after the games.
A spokesman, for Harrods, said, “Preference will be given to construct on sites already owned by Qatar Holding or its affiliates, for example at Chelsea Barracks in London or Costa Smeralda in Sardinia.
“Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retail and leisure sectors.”