Ex-Harrods boss saw 'abhorrent' behaviour from Fayed

Published On Sep 23, 2024, 7:02 PM

James McArthur, the former CEO of Harrods, has publicly spoken about his time under the late owner Mohamed Al Fayed and the allegations of sexual assault against him. McArthur described Al Fayed's behavior as 'abhorrent' but stated he was not aware of any sexual abuse or the police investigation during his tenure in 2008. He expressed shock at the recent allegations made against Al Fayed and emphasized the importance of seeking justice for the victims. Al Fayed's ownership of Harrods saw high turnover among executives, and after his death, current ownership by Qatar is now investigating staff involvement in these past allegations, acknowledging that victims were failed.

Stock Forecasts

The ongoing investigations into Harrods and the historical allegations against Al Fayed could lead to reputational damage for the brand. This, paired with potential legal settlements, might negatively affect the current ownership's financial performance. Furthermore, if the allegations lead to public outcry, consumer sentiment could shift, influencing sales figures.

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James McArthur says he was not aware of sexual abuse at Harrods, including a police investigation