Mohamed al Fayed sells Harrods

Harrods department store in London, is being sold to the Qatari royal family as current owner Mohamed al Fayed has decided to retire. Click here to see a video.

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News & Politics

Tags:

• harrods
• mohamed
• al
• fayed
• qatari
• royal
• family

[DRIFTRQ8]

Arabs are the king

[LondonAccountant]

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.

[superlogh]

I work in harrods and i earn 70,000 pounds a year

[AfghanpowerNL]

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.

[ThePatchthecat]

@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.

[kixnet]

Mohammed Al Fayed is a legend.

[WIZZINGSHIRE]

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.

[sirshangalang]

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

[21whitworth12]

@LondonAccountant hes also a derranged cunt

[t058Sayeed]

@LVEMEDO imbecile dont you understand the difference between race and religion? kid , dont insult a religion if you dont know the FACTS .

[LVEMEDO]

@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

[t058Sayeed]

@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