The £62.5 million Harrods paid in compensation to more than 100 victims of the sexual predator meant Harrods lost £34.3 million in the year to January 31, 2025.

The retailer’s previous loss was linked to tough trading conditions and £62.5 million of compensation payments to victims of its former owner.

Harrods posted profits of £94.9m for the 12 months to the end of January while Fenwick said it reduced annual losses from £35m to £22m last year..