Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.According to China Daily, luxury department store, Harrods is currently negotiating the possibility of launching its first branch outside the UK in Shanghai's Bund area.
Representatives and experts quoted in the article said, however, that the launch was by no means confirmed, and that if the talks resulted in a partnership with Shanghai's municipal government, it would take around two-and-a-half years to finalize the project.
Harrods managing director, Michael Ward was quoted by The Guardian as saying that "China is the most probable [option for a foreign branch], but we would have to do a lot of work first."
China Daily reports that Harrods "is already a well-known purveyor of luxury goods among well-to-do Chinese consumers who make frequent overseas shopping trips every year," while The Guardian wrote that the number of Chinese travelers who shopped at Harrods in the first half of this year saw a 125-percent increase, compared to last year.
It was previously reported that, after Harrods changed hands from Mohammed al-Fayed to Qatar Holding in May, the new owner was considering a Chinese branch. Even though international luxury fashion houses, including Louis Vuitton, Gucci, Dior, Tiffany, Hermès and Prada, have set up store in Shanghai in recent months, the move is considered a major break with tradition for the store.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments