The Al Fayed family sold the renowned department store Harrods. After 25 years as head of the brand, she was sold to Qatar Holding on Sunday, November 9. Mohammedamed Al Fayed, former store owner, has now become an honorary member of the administration of Harrods and retired from the market.
The purchase agreement was closed after Qatar promised to continue investment in premises and English securing a pension for their employees. The store was sold for about two billion dollars, equivalent to nearly four billion dollars.The next store Harrods will be opened in Shanghai.
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