Let’s say you have got $2.2 Billion to spend. What would you buy? The whole Chanel SS2010 and AW2011 collection including a thousand pair of Louboutin’s? A big yacht to go to the film festival in Cannes with all your friends? Or some kind of department store in London? Harrods for example…
After owning famed British department store Harrods for the last 25 years, businessman Mohamed Al Fayed has brokered a deal to sell for a reported $2.2 billion.
The new owners? Qatar Holding, a private equity firm run by the Qatar royal family, which already owns stakes in London’s Canary Wharf, Sainsbury grocery stores and British bank Barclays.