London, 6th December 2021: Klarna, the leading global retail bank, payments and shopping service, has today announced a partnership with luxury retailer Harrods, offering customers more flexible and convenient payment options throughout Harrods Knightsbridge, H beauty and Harrods.com.
Harrods UK in-store shoppers will, from today, be able to use Klarna’s popular Pay in 3 payment options for beauty purchases in Harrods iconic Beauty Hall, as well as across H beauty stores in Essex (Lakeside) and Milton Keynes (centre:mk). Further Harrods departments are set to roll out Klarna’s payment options in the coming months. Customers shopping the store via Harrods.com in the UK will also be able to benefit from splitting their payments via Pay in 3, whilst US customers can use Pay in 4 when purchasing goods online. In Germany, Austria and Switzerland, online customers will be able to use Klarna’s Pay later feature when shopping. Klarna is available to eligible customers ages 18+, limits for how much a customer can spend are in place, and Klarna does not offer an open line of credit.
Luke Griffiths, Chief Commercial Officer at Klarna, commented: “Harrods is one of the most recognisable brands across the globe with a footprint and heritage that is unrivalled within the luxury retail space. We are excited to bring our payment products to Harrods customers across Europe and the US, offering them the option to buy goods how and when they want.”
Alex Unitt, Partnerships Director at Harrods, said: “Harrods is known for providing a first class shopping experience, and this latest partnership with Klarna enables us to give our Harrods customers maximum flexibility and convenient payment options. We’re excited to bring Klarna to our iconic beauty halls in Knightsbridge, as well as H beauty, our beauty emporiums in Essex and Milton Keynes, and across Harrods.com. Klarna’s market-leading payments products will enable us to continue supporting existing customers' payment needs, as well as enabling a greater breadth of customers to access Harrods’ unrivalled selection of international brands and products.”
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With over 90 million global active users and 2 million transactions a day, Klarna is meeting the changing demands of consumers who want to shop, pay and bank on one intuitive platform and with one trusted brand. Over 250,000 global retail partners, including H&M, Saks, Sephora, Macys, IKEA, Expedia Group, Samsung, ASOS, Peloton, Ralph Lauren, Abercrombie & Fitch, Nike and Shein have enabled Klarna’s innovative shopping experience online and in-store. Klarna is one of the most highly valued private fintechs globally with a valuation of $45.6 billion. Klarna was founded in 2005, has over 4,000 employees and is active in 19 markets. Klarna has been backed by Sequoia Capital since 2010 and more recently, SilverLake, Dragoneer, Bestseller Group, Permira, Ant Group, HMI Capital, TCV, NorthZone, Commonwealth Bank of Australia, Merian Chrysalis Investment Company Limited, funds and accounts managed by BlackRock amongst others.
Harrods began as a wholesale grocer and tea merchant in east London, first opening its doors in 1834. Since then, it has grown to become the world’s most famous department store, known for its unrivalled range of luxury merchandise. As well as exclusive brands and myriad departments, one of Harrods’ most renowned attributes is its unparalleled service. Harrods continues to be guided by its philosophy of “anything is possible”, and, to this day, our customers remain at the heart of everything we do