Harrods of London sold to Qatar. Joe Lynam BBC News. Introduced by Huw Edwards

The Egyptian businessman, Mohamed Al Fayed, has sold Harrods for around one-and-a-half billion pounds. The new owner -- Qatar Holdings -- has been chosen because it has promised to maintain the traditions of the world-famous department store in London. Mr Al Fayed assumed control of Harrods in 1985 after a takeover battle with the tycoon, Tiny Rowland. A spokesman said today he'd decided to retire and spend more time with his children and grandchildren. As our Business Correspondent, Joe Lynam, reports, it's the end of an era for a colourful and controversial figure -- as well as for a shop, which has become a byword for British-ness and luxury:

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[q6o6]

Congrats Qatar :)))