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Harrods benefits from luxury splurge

Harrods will this week report record sales and profit, shrugging off turmoil in global financial markets.

The iconic London department store is expected to reveal a sales increase of 1.2% to £1.4bn for the year to January 31, according to The Mail on Sunday.

Profit climbed 4.2% to £146.3m during the period, boosted by spending from wealthy European and Middle Eastern visitors.

Accounts for Harrods Limited have reportedly been filed to Companies House and are expected to be made public within days.

During the period, Harrods strengthened its ties with luxury brands including Tom Ford, Brioni, Valentino, Paul Smith and Burberry.

The business launched its first month-long menswear takeover on October 1.

Readers' comments (1)

  • The wealthiest are not impacted by global economics. They own property and prices are booming!

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