Harrods doubles MD’s pay to £2.3m despite collecting £6m in furlough support

Luxury store made profit of 51m in 2021-22 after Covid restrictions eased and tourists returned

Harrods more than doubled the pay of its managing director, Michael Ward, last year to 2.3m, even as the company collected almost 6m in government support under the furlough scheme.

Ward, understood to be the highest-paid director at the upmarket department store in Knightsbridge, west London, increased his package from 1m the previous year after Harrods returned to profit as pandemic restrictions eased.