Saturday, May 8, 2010

Harrods fit for humans again?

The BBC (along with others) is reporting that Mohammed Al Fayed has sold Harrods:
The department store Harrods has been sold for a purchase price of about £1.5bn, the BBC can confirm.

Owner Mohammed Al Fayed has agreed to sell the exclusive west London store to Qatar Holdings...

A colourful and controversial figure, Mr Al Fayed acquired Harrods in 1985 following a £615m takeover bid.
On the basis of those figures, and allowing for inflation over 25 years, it looks as if Al Fayed has just about broken even. Despite the spiral of London property values. Sphere: Related Content

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