London’s Harrods in expansion mode
Seeking potential locations worldwide
On Tuesday, Ahmad Al-Sayed, chief executive officer of Harrods' owner Qatar Investment Authority and chairman of the executive board of Harrods, revealed future expansion plans for Harrods in a press meeting organised to reveal the design of a new light installation by Dale Chihuly.
Al-Sayed revealed that Harrods is seeking locations in a variety of different locations including London and New York. "Everything is for discussion, and we are studying different ways of expansion," he revealed.
Since Qatar Holding purchased Harrods in 2010, the firm has spent 250 million pounds on investments for the store - which have included a restoration of a 1928 staircase, as well as a revamp of the Grand Hall entrance, where the new light installation is displayed.
Crafted from 1,400 handblown glass elements, the chandelier marks the first piece of artwork commissioned by the store. The unveiling of its design coincides with an exhibition of the artist, which launched at the Halcyon Gallery, in London on Saturday.