Qatari Harrods owners cash in with £118m dividend payment

first_img Tags: NULL whatsapp whatsapp Show Comments ▼ Caitlin Morrison Thursday 30 October 2014 9:24 pm Sharecenter_img Luxury department store Harrods paid out a £118m dividend to its Qatari owners after making record sales of £794m in the year ended 1 February 2014, up from £716m in the previous year.The business also paid a £35.6m royalty to Harrods Corporate Management.It said the year had seen a “confirmed programme of significant capital expenditure”, with total additions of £58.9m, up from £52.1m.The company added: “Focus has continued on investing in luxury boutiques primarily in our Knightsbridge store but also at the airports. This level of capital expenditure is expected to continue in 2014.”Qatar Holdings, the strategic investment arm of the Qatar Investment Authority, paid previous owner Mohammed Al Fayed an estimated £1.5bn for Harrods, including the famous Knightsbridge shop, in 2010. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated Articles10 Amazing RVs You Won’t Want To MissThe Best 80 Inch 4k TV For Under $2,000Grilled Stuffed Jalapenos: Delicious Recipes Worth Cookingby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorWarped SpeedOnly True Americans Can Ace This Geography QuizWarped SpeedPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap Qatari Harrods owners cash in with £118m dividend payment last_img

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