What: Harrods will not be renewing the contract with the department stores as of this year.

Why is it important: Harrods has had a collaboration with the department store to exclusively sell Harrods products since 2006.

Following the end of the contract they will also be shutting down the stores located in Thailand and Singapore. Harrods will be focusing on their two outposts that they have opened in Shanghai and Beijing that provide a members-only private shopping experience Additionally they will be focused on the recently opened Harrods Tea Rooms in Shanghai as part of their expansion into the Asian market.

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Harrods ends partnership with Shin Kong Mitsukoshi