Top Track 100

Known as “the top people’s store”, Harrods, founded in 1849, now claims to attract up to 300,000 people on peak days. However, it has also suffered the high-profile resignation of several directors. The controversial Egyptian businessman Mohamed al-Fayed – who recently switched residence from Britain to Switzerland after a dispute with the Inland Revenue – bought the Knightsbridge store in 1985 for £615m after a takeover battle with Lonrho. Harrods’ seven floors claim to offer 1.2m products, generating annualised sales of £531m in 2002, when it had 4,795 staff.

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Company details
Year2003
Rank56
CompanyHarrods Group
ActivityDepartment store operator
LocationCentral London
Sales £m †531
Profit £m †22
Year endFeb 02
Principal shareholdersMohamed al-Fayed (100%)
Staff4,795
Founded1849
Websitewww.harrods.com

If applicable:

* Supplied by company † Annualised figure **Estimated