PREVIEW

Harrods Returns To Profit After Al Fayed Abuse Compensation Loss. Luxury department store Harrods has returned to profit a year after compensation costs linked to sexual abuse allegations against former owner Mohamed Al Fayed contributed to an annual loss. Harrods recorded a £84.9 million pre-tax profit for the year ending 31 January, compared with a loss of just over £34 million in 2024. The previous year's accounts included a £62.5 million provision for compensation relating to claims of abuse by Al Fayed. Harrods has so far compensated around 100 women, while hundreds more who submitted claims have yet to reach settlements. The Harrods Redress Scheme accepted applications between 31 March 2025 and 31 March 2026. Turnover increased by 1.2% to nearly £1.1 billion, with Harrods saying it continued to outperform the wider luxury market despite challenging conditions. Operating profit fell to £172.3 million, reflecting investment in employee salaries and higher distribution costs.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT