Fortnum & Mason reports bumper year despite Hong Kong protests

Profits rise 26% to £12m, offsetting slump in footfall as retailer’s new shop hit by pro-democracy clashes

Upmarket department store Fortnum & Mason has reported another year of bumper sales and profits but said its new Hong Kong store had been hit by the pro-democracy protests.

Its chief executive Ewan Venters said sales in the territory were running at only half the level expected since it opened its doors last week but he was optimistic that trade would improve with its restaurant – with its view of Hong Kong harbour – receiving 4,000 bookings for December. It is the first standalone Fortnum & Mason shop outside the UK.

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