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 owned by Egyptian tycoon Mohamed al-Fayed since 1985. As per a Sky report, the owner 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.

Also read -  The British Pound has fallen so much that instead of buying a Rolex in the US, it’s actually cheaper to fly first-class from New York to London, buy the watch, stay in a 5-star hotel and fly back.


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

Tags from the story
, ,
Written By