Knightsbridge department store’s sales rise but company is forced into £46m writedown on pension scheme
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Harrods’ 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.