Predator Mohamed Fayed had sex at 4pm every day with Harrods staff or sex workers – and even gave it a codename
By Ashley Armstrong, Business Editor
HARRODS has survived world wars, two bomb attacks and a fire — but now its fortunes may be tarnished forever.
There are concerns wealthy shoppers may not want to be seen with its distinctive green and gold bags after the posh store admitted it failed to protect staff from predator Mohamed Fayed.
Retail consultant Mary Portas told The Sun: “The rumours were rife and he was a horror. I hope the store isn’t affected but those who surrounded and suppressed this are held to account.”
Harrods has a problem drawing a line under its former owner as echoes of Fayed remain literally all over the shop.
His garish Egyptian escalator, commissioned in 1997, still dominates the Knightsbridge department store from ground to fifth floor.
Ex-Fayed lieutenant Michael Ward has been managing director since 2005 — five years before his boss sold out for £1.5billion to the Qatari Royal Family.
Despite his sincere apology to staff, it might be understandable the Qataris would want a change of face.
Accounts this month revealed the Qataris handed themselves a £180million dividend last year, despite a 35 per cent fall in profits to £111.5million on the back of pensions changes.
In a sign of its attractiveness, sales rose by 8.2 per cent to £1billion in the past year, while other luxury stores such as Harvey Nichols struggled.