Summary
Harrods has set up a fund of over £60 million to compensate people who claim they were abused by its former owner, Mohamed Al Fayed. More than 100 individuals are expected to receive compensation through this fund, which will be available until March 2026. Due to the fund and other factors, Harrods reported a financial loss, but it remains optimistic about future growth.
Key Facts
- Harrods has allocated over £60 million for compensation related to abuse claims against former owner Mohamed Al Fayed.
- The compensation plan started in March 2025 and will be open until the end of March 2026.
- More than 100 people have joined the compensation scheme.
- Compensation can range from £150,000 to £385,000 per person, depending on medical assessments.
- The Metropolitan Police reported receiving complaints from 146 people as part of their investigation.
- Harrods reported a £34.3 million loss recently, partly due to the compensation fund.
- Mohamed Al Fayed owned Harrods from 1985 to 2010 and was accused of rape and sexual assault by multiple women.
- Claimants must prove abuse and Harrods' liability to be eligible for compensation.
