LONDON — Harrods has been given the go-ahead by the High Court here to proceed with a libel action against Dow Jones for an article published in The Wall Street Journal on April 5.

On March 31, Harrods issued a joke statement suggesting that its chief, Mohamed Al Fayed, was planning an initial public offering for the Knightsbridge store. It was titled “Al Fayed Reveals Plan to ‘Float’ Harrods” and the contact press person was named as Loof Lirpa – or April Fool spelled backwards. April Fool’s jokes are a longstanding tradition in the U.K., where national newspapers and television stations generally will include at least one joke story to celebrate the day.

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