Qatari investors offer $3billion to buy Harrods; Al Fayed not too keen


Harrods is not just an auction house or a luxury store! The Knightsbridge store is actually also seen as a major tourist attraction and has been in possession of Egyptian tycoon Mohamed al Fayed since 1985. As per a Sky report, the ownership is quite likely to change hands, despite Al Fayed telling his staff otherwise. Sky sources believe that an unsolicited offer for around £2bn (about $3billion) by a major Gulf-based investor. There have been several meetings between the two parties in the last few days too.

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The Egyptian, who also owns the Fulham Football Club, has a prized trophy in form of the store, and it is highly unlikely that he would sell it unless he receives something much bigger and better.
[Yahoo]