Luxury department store Harrods went into red last year due to pandemic lockdowns
Harrods plunged £68m into the red last year after pandemic lockdowns halved its revenues, according to recently published accounts, and the luxury department store is now facing a strike by dozens of restaurant workers.
During a year in which visitor numbers to London plummeted and stores were forced to close for weeks at a time, the Knightsbridge institution, which first opened its doors in 1849, has reduced staff numbers and ditched a dividend to its Qatari owners.
