Knightsbridge department store’s sales rise but company is forced into £46m writedown on pension schemeBusiness live – latest updatesHarrods’ Qatari owners have paid themselves the second £180m dividend in a row despite a 17% fall in profits at the Knightsbridge department store amid fears of a slowdown in the luxury market.The retailer owned by the investment arm of Qatar’s sovereign wealth fund increased sales by 8.2% to £1bn in the year to 3 February, according to accounts for Harrods Group (Holding) Ltd, which also operates a division serving private jets and sells goods to department stores overseas. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/sep/02/harrods-owners-profit-dip-department-store-sales
Author : Sarah Butler
Publish date : 2024-09-02 11:50:48
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Harrods owners hand themselves £180m more despite profit dip
