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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Harrods bounces back after pandemic hit as big spenders return to London

View of Harrods store awning
Harrods was bought by Qatar Holding for an estimated £1.5bn in 2010. Photograph: Nicholas.T Ansell/PA

Profits at Harrods rose almost 10-fold last year as big-spending tourists returned to London after the pandemic.

The Knightsbridge department store, which is owned by the investment arm of Qatar’s sovereign wealth fund, saw profits hit £171.6m and sales increased 52% to £994m in the year to January 2023, according to accounts filed at Companies House.

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