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Harrods owners collect £100m dividend after record year Monday, 30th July 2012
The Qatari owners of world famous London department store Harrods have paid themselves an impressive £100 million dividend after the retailer announced record annual profits.
Qatar Holding snapped up the store for £1.5 billion in May 2010 from its previous owner, Mohamed al-Fayed.
Harrods pre-tax profits grew 15 per cent to £125.3 million last year.
Turnover was up by 11 per cent to £651.7 million.
During the period, Harrods increased its online offering and began to deliver to more than 30 countries including Saudi Arabia, India and Australia.
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Posted in Department Stores, E-Commerce, fashion, Food, Luxury Goods, Online retail Tagged Harrods, department store, Qatar Holding, food, fashion, Saudi Arabia, India, Australia, Mohamed al-Fayed, expansion & franchise, online retail
