Fortnum & Mason hails strong Christmas but swings to first loss in over a decade

Fortnum & Mason Christmas lights

Fortnum & Mason has reported a strong Christmas trading period after Covid restrictions and store closures caused it to swing to its first full-year loss in 12 years.

In the full year to July 2021, Fortnum’s reported losses before tax of £2.7m, down from a £0.6m profit the previous year, blaming “the impact of temporary store closures, higher supply chain costs and the continued decision to now draw on government’s furlough relief”.

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