I loveeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed Harrods. It's amazing, seriously you have to check it out when you visit Londen. I loved it. It was so huge, that you will need many days to check everything out.
i hope the new owners will get rid of that very tacky egyptian decor.i love ancient egyptian artifacts and history but what al fayad did to harrods is ugly and tasteless.i have seen cheap las vegas hotel rooms that look better.as far as him selling,something smells about that.i wonder what his real reason is.this is a man who wanted his mausoleum to be in harrods.he said that he would NEVER sell.and he sold it only for 1.2 or 3 billion????hhhmmmmmmmmm.
Gerald Kaufman MP stated Beastway, treats employees like serfs, whom conducted a show-trial of two employees, defamatorily accusing them of gross misconduct and strongly objects that they have now been dismissed on the grounds stated by their director, Dawood Pervez, that these employees `are not permitted to work in the UK', which is a lie, warns anyone seeking a job to steer clear of and further warns possible customers and clients to have nothing to do with these duplicitous tyrants
completely lost respect for Britain when i heard one of their biggest icon is foreign owned... just like there country really, fucking weak ass piss white england
@AlienBusDriver bloody British ppl don't have enough money to buy such expensive iconic brand store like Harrods, all are depend on Banks loan and credit cards,,,, they just show off that they r rich actually most of them are poor now depends one other country,,,,,
@alza3em17294 First Muslim have the money and brain to run than bussien to make money. Plus the world is changeing Islam is growing and speading around the world.
@AlienBusDriver The muslim have the money and brain to run than money making bussien, Plus the world is changeing as Islam is growing and speading around the world.
@Barenziahlover YES THEY DO MORE THE PITY FOR THE REAL BRITISH PEOPLE HARRODS WAS ORIGINALLY BOUGHT & OWNED BY AN ENGLISHMAN muslim hmmmmmmmmmm IS GROWING & SPREADING i agree BUT IT,S SPREADING & GROWING LIKE A CANCER i feel a hint of a threat there HOW DARE YOU PARASITES COME INTO MY COUNTRY WITH YOUR HATE BELIEVING IN A GOD THAT WANTS U TO KILL PEOPLE & STONE WOMAN & MARRY GIRLS AS YOUNG AS 8YRS & U DONT LIKE THE WEST FOR ITS PORN you are the biggest whoremungers in the world
Surprised people think the official figure of £1.5bn is a lot of money. He bought the business for £650mln in 1985 and has spent over £400million on the store. The current business, property and online business should be worth over £3bn. Rumor has it that his step down from not wanting to sell at any cost is because the deal involves him personally receiving over £1bn as well. A shrewd businessman who waited for the right deal to come along, well done.
It wasn't a very sharp deal, to sell your biggest asset in this stage of the economic cycle is not the brightest idea, even if he got 1B for it personally.650M adjusted for inflation after 25 years is pretty close to the figure he paid for it, excluding then money he ploughed into it(it was financed anyway with earnings covering repayments)
Selling a 50% controlling stake for 1BN would have been sharper.
@Caddyrollpix depends upon the equity inputted at date of purchase and cash flow recieved over term of ownership. considering retailers are making circa 20% plus profit on most product lines, then the actual return on debt and exit costs to sell are still very good. Capital gains tax can affect profit, so it would make sense to remain an honory chairman for the purpose of recieving additional cash dividends over an unspecified term.
I work in harrods and i earn 70,000 pounds a year
superlogh 4 months ago
I loveeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed Harrods. It's amazing, seriously you have to check it out when you visit Londen. I loved it. It was so huge, that you will need many days to check everything out.
AfghanpowerNL 7 months ago
Mohammed Al Fayed is a legend.
kixnet 10 months ago 3
i hope the new owners will get rid of that very tacky egyptian decor.i love ancient egyptian artifacts and history but what al fayad did to harrods is ugly and tasteless.i have seen cheap las vegas hotel rooms that look better.as far as him selling,something smells about that.i wonder what his real reason is.this is a man who wanted his mausoleum to be in harrods.he said that he would NEVER sell.and he sold it only for 1.2 or 3 billion????hhhmmmmmmmmm.
WIZZINGSHIRE 1 year ago
Gerald Kaufman MP stated Beastway, treats employees like serfs, whom conducted a show-trial of two employees, defamatorily accusing them of gross misconduct and strongly objects that they have now been dismissed on the grounds stated by their director, Dawood Pervez, that these employees `are not permitted to work in the UK', which is a lie, warns anyone seeking a job to steer clear of and further warns possible customers and clients to have nothing to do with these duplicitous tyrants
sirshangalang 1 year ago
I am just wondering, do you know the exact date Mr. Al Fayed retired?
smithandrewj 1 year ago
these shit royals of gulf states suckg the blood of their own ppl ad investg outside......
RainCastle88 1 year ago
Arabs are the king
DRIFTRQ8 1 year ago 20
@DRIFTRQ8 good joke......
RainCastle88 1 year ago
Al Fayed was the owner of the Dorchester Hotel too---and still the current owner of Ritz hotel in Paris....I am so proud of him as an egyptian!
missalexandriaegypt 1 year ago
i love this man! AL FAYED!
thedjkay 1 year ago
completely lost respect for Britain when i heard one of their biggest icon is foreign owned... just like there country really, fucking weak ass piss white england
AlienBusDriver 1 year ago
@AlienBusDriver bloody British ppl don't have enough money to buy such expensive iconic brand store like Harrods, all are depend on Banks loan and credit cards,,,, they just show off that they r rich actually most of them are poor now depends one other country,,,,,
shakildcm 1 year ago
@AlienBusDriver LOL ,,, It was Mohamed alFayed's store in the first place ,, he is Egyptian
alza3em17294 1 year ago
@alza3em17294 First Muslim have the money and brain to run than bussien to make money. Plus the world is changeing Islam is growing and speading around the world.
Barenziahlover 1 year ago
Money talks ass hole!
elghazoli 1 year ago
@elghazoli and english people swallow arab cum, just like a famous person named Dianna!
AlienBusDriver 1 year ago
@AlienBusDriver The muslim have the money and brain to run than money making bussien, Plus the world is changeing as Islam is growing and speading around the world.
Barenziahlover 1 year ago
This has been flagged as spam show
@Barenziahlover YES THEY DO MORE THE PITY FOR THE REAL BRITISH PEOPLE HARRODS WAS ORIGINALLY BOUGHT & OWNED BY AN ENGLISHMAN muslim hmmmmmmmmmm IS GROWING & SPREADING i agree BUT IT,S SPREADING & GROWING LIKE A CANCER i feel a hint of a threat there HOW DARE YOU PARASITES COME INTO MY COUNTRY WITH YOUR HATE BELIEVING IN A GOD THAT WANTS U TO KILL PEOPLE & STONE WOMAN & MARRY GIRLS AS YOUNG AS 8YRS & U DONT LIKE THE WEST FOR ITS PORN you are the biggest whoremungers in the world
LVEMEDO 1 year ago 2
@LVEMEDO u racist bastard , where do these morons emerge from ,i am muslim yet i have NEVER done any of these disgustings things. u fag
t058Sayeed 1 year ago
@t058Sayeed Can,t take the heat stay out of the kitchen it never ceases to amaze me that all you can use is the race card YOU MORON
LVEMEDO 1 year ago
@LVEMEDO imbecile dont you understand the difference between race and religion? kid , dont insult a religion if you dont know the FACTS .
t058Sayeed 1 year ago
Surprised people think the official figure of £1.5bn is a lot of money. He bought the business for £650mln in 1985 and has spent over £400million on the store. The current business, property and online business should be worth over £3bn. Rumor has it that his step down from not wanting to sell at any cost is because the deal involves him personally receiving over £1bn as well. A shrewd businessman who waited for the right deal to come along, well done.
LondonAccountant 1 year ago 8
@LondonAccountant
It wasn't a very sharp deal, to sell your biggest asset in this stage of the economic cycle is not the brightest idea, even if he got 1B for it personally.650M adjusted for inflation after 25 years is pretty close to the figure he paid for it, excluding then money he ploughed into it(it was financed anyway with earnings covering repayments)
Selling a 50% controlling stake for 1BN would have been sharper.
Caddyrollpix 1 year ago
@Caddyrollpix depends upon the equity inputted at date of purchase and cash flow recieved over term of ownership. considering retailers are making circa 20% plus profit on most product lines, then the actual return on debt and exit costs to sell are still very good. Capital gains tax can affect profit, so it would make sense to remain an honory chairman for the purpose of recieving additional cash dividends over an unspecified term.
ThePatchthecat 10 months ago
@LondonAccountant hes also a derranged cunt
21whitworth12 1 year ago