Saturday 8 May 2010

Mohamed al Fayed sells Harrods

Harrods, the famous London department store, has been sold by Mohamed al Fayed, it has emerged.The store, which has been owned by the Egyptian tycoon since 1985, is thought to have changed hands in a secret deal with Gulf-based investment group Qatar Holding, which is owned by the Qatari royal family.

Sources speaking to Sky News said the department store had sold for £1.5 billion.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/7695606/Mohamed-al-Fayed-sells-Harrods.html

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