Harrods Sold To Qatari Royal Family for 1.5 Billion Pounds

Saturday, May 8, 2010
By SHP

News just leaked is that Mohamed Al Fayed has sold Harrods through Lazarus Investment Bank. The buyer is the Qatari Royal Family.

Harrods is considered a great trophy amongst the mega-millionaires in the Middle East and it is thought that it has been sold to another wealthy family.

The Harrods store is on Brompton Road in Knightsbridge, London. It is the UK’s second largest store with more than 330 departments. It covers a staggering 4.5 acres (18000 square metres). The Harrods motto is Omnia Omnibus Ubique, which  means “All Things for All People, Everywhere”.

However, Harrods is more than just a big department store. The Harrods group is also involved in banking, property and aviation. This makes it an extremely attractive asset to the mega wealthy international businessman. Whoever now owns Harrods owns the UK’s 2nd largest shop, an exclusive bank, an airline and a property empire.

The big question now is, Who owns Harrods?

The Harrods buyer is the Qatari Royal Family which operated under the name of Qatari Holdings. They have paid in the region of £1.5 billion. More soon.

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