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Harrods Sets Aside £62.3m for Al‑Fayed Abuse Redress as Latest Accounts Show Annual Loss

The company’s scheme, limited to allegations against the late former owner, stays open until March 31 with awards already being paid.

Overview

  • Harrods has provisioned £57 million for compensation and £5.3 million for legal and administrative costs, totaling £62.3 million in its accounts.
  • Awards and interim payments began at the end of April 2025, and applications are being accepted until March 31, 2026, according to managing director Michael Ward.
  • The redress scheme applies only to alleged sexual abuse by Mohamed Al Fayed and is open to people with a sufficiently close connection to Harrods, not only former employees, including incidents outside the UK if linked.
  • Compensation categories include general damages up to £200,000, work‑impact payments up to £150,000, aggravated damages up to £25,000, fixed sums up to £10,000 for wrongful testing, and treatment costs.
  • Harrods reported a £34.3 million pre‑tax loss after booking the provision, and the Metropolitan Police says 146 people have contacted officers about alleged offences by Al Fayed.