Harrods opens private members’ club in Shanghai costing £16,500 a year

Harrods has opened a private members’ club in Shanghai that offers 250 super-rich people exclusive access to Gordon Ramsay’s first restaurant in China, a bar stocked with rare Scotch whiskies, and the Knightsbridge department store’s own-brand private jets. The retailer opened the private club, which charges minimum annual fees of 150,000 yuan (£16,500), as part of its drive to connect more with wealthy Chinese people as spending by its traditional customer base stagnates. The club, called the Residence, is located inside Shanghai’s historic Cha House where Harrods already operates a…