$21,000 to Join But Members Clubs Still Aren't Great Business
Harrods’ new space in Shanghai wants to get its members shopping.
Harrods opened The Residence, a private club in Shanghai, this week.
Photographer: Philippe Roy
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up.
Let’s see if I can write about the economics of private members clubs without invoking Groucho Marx.