Selfridges boss denies knowledge of Fayed allegations

Published On Sep 23, 2024, 11:06 AM

Andre Maeder, the CEO of Selfridges, has expressed his shock and horror upon viewing recent allegations made against Mohamed Al Fayed regarding sexual assaults and rapes during his time running Harrods. Maeder stated he was unaware of such behavior while he worked there from 1995 to 2002. The allegations come from over 20 former female employees of Harrods, with many more reaching out after a BBC documentary aired, prompting discussions of accountability.

Stock Forecasts

The ongoing negative media scandal surrounding the allegations against Al Fayed may impact the reputation of associated brands, particularly Selfridges. Even though Maeder's statement distances Selfridges from the allegations, public sentiment could be negatively affected. Moreover, the potential for legal actions and reputational fallout may lead to cautious consumer behavior and impact sales.

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