Americans Exit Harrods Top 10 as Chinese Flock to London Store

Source: Shutterstock

LONDON, United Kingdom — The days of Americans being the biggest overseas shoppers at London’s Harrods store are over. While seven years ago U.S. visitors were the top foreign spenders at the purveyor of luxury fashions and specialty teas, they are now outnumbered by wealthy customers from China and the Middle East, according to Managing Director Michael Ward.

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Week in Review | Young London Creatives, Ami’s Alexandre Mattiussi, Fabien Baron, Prada’s Magic, Inside India

Anna Trevelyan, Thomas Lohr, Rhea Thierstein, Matthew Holroyd, Simon Cook, Billal Taright, Matthew Josephs, Alex Turvey, Ellie Grace Cumming and Declan Sheils | Photo: Shahriyar Ahmed

BoF editor-in-chief Imran Amed recaps the week in the business of fashion.

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CEO Talk | Marigay McKee, Fashion and Beauty Director, Harrods

Marigay McKee, formerly chief merchant of Harrods | Source: Harrods

LONDON, United Kingdom — Later this month, Luxury Briefing will hold its 14th Luxury Briefing Conference, an annual gathering of the industry’s great and good in London. Called Future Luxe, this year’s conference will explore the luxury industry of the future and incorporate a new format designed to foster more networking and interaction amongst the attendees. The speakers — including writer Dana Thomas, Soho House CEO

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Liberty looks forward, The return of private label, Marzotto’s niche, Strategic tweeting, A new elegance

Liberty’s new owner sets out plans for growth (Guardian) “Liberty’s new private equity owner BlueGem Capital, formed in 2006 by a group of former Merrill Lynch bankers… set out its plans for the department store group, which it described as ‘a national treasure’.” Harrods Create Own-Brand Fashion to Revive Sales (Bloomberg) “We have invested in all categories as we saw a white space

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Republic deal, Zegna at 100, Superdry outlet in-house, Harrods degree, D&G mens serious business

Diesel Be Stupid S/S 2010 | Source: The Inspiration Room

TPG agrees 300 mln stg Republic fashion deal (Reuters) “U.S. buyout firm TPG [TPG.UL] is to buy British fashion retailer Republic in a deal worth about 300 million pounds ($445 million) from rival private equity house Change Capital Partners.” Zegna at 100: From the Alps to the World (IHT) “Ermenegildo Zegna — the company that celebrated its centennial Monday during Milan’s menswear week…is the incarnation

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Harrods poised for expansion, BCBG arrives in London, Back to roots, Searching for Halston, Age of Edun

The Classic Green Awning, Harrods | Source: Harrods

Harrods’ new owners announce upgrade plans (Telegraph) “Qatar Holding is expected to back an expansion programme into new areas ­including China.  Harrods could become a global franchise as new owner… announces plans to ‘upgrade’ the luxury retailer.” BCBG opens in London (Elle.com) “BCBG Max Azria is the latest U.S. label to open its doors in the UK. Following October’s launch of

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