Harrods up for grabs?

Rumours that Harrods, the notorious Knightsbridge store owned by Mohamed Al Fayed, is for sale continue to circulate and be denied. Whoever takes on the luxury retailer will need a long-term strategy to return it to its former glories. At present the store stocks some of the best brands known to man, but lacks vision, and the overall retail environment does not do them justice.

A series of mis-investments has created a store without focus. Only seriously wealthy entrepreneurs have displayed interests in Harrods, but who might the next owner be? According to the Rich List printed by The Times earlier this year, Philip Green from Arcadia is one of the few to make a viable candidate.