Mohamed Al-Fayed may have been awarded the freedom of the Scottish Highlands, but his battles with the British establishment have led him to decamp to Switzerland. Meanwhile, he remains the sole owner of Harrods, and sales at the Knightsbridge store held steady at £541m in 2003. Al-Fayed bought Harrods in 1985 for £615m after a takeover battle with Lonrho, but in recent years the company has been shaken by the resignation of several directors.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2004
Rank56
CompanyHarrods Group
ActivityDepartment store operator
LocationCentral London
Sales £m541
Profit £m14
Year endFeb 03
Principal shareholdersMohamed al-Fayed (100%)
Staff4,657
Founded1849
Websitewww.harrods.com

If applicable:

* Supplied by company † Annualised figure