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Mohammed Al Fayed sells Harrods store to Qatar Holdings

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Mohammed Al Fayed sells Harrods store to Qatar Holdings

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pcernie

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Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

Mohammed Al Fayed sells Harrods store to Qatar Holdings

http://news.bbc.co.uk/1/hi/business/8669657.stm


	Quote: Our correspondent said Mr Al Fayed's motivation for selling was unclear, but the price tag was not inconsiderable in a post-recessionary market.

IIRC, he's got sh1tloads of debt and he's effectively mortgaged to the hilt :oops:

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Sat May 08, 2010 10:21 am

bobbdobbs

I haven't seen my friends in so long

Joined: Thu Apr 23, 2009 7:10 pm
Posts: 5490
Location: just behind you!

Re: Mohammed Al Fayed sells Harrods store to Qatar Holdings

pcernie wrote:

http://news.bbc.co.uk/1/hi/business/8669657.stm


	Quote: Our correspondent said Mr Al Fayed's motivation for selling was unclear, but the price tag was not inconsiderable in a post-recessionary market.

IIRC, he's got sh1tloads of debt and he's effectively mortgaged to the hilt :oops:

you remember quite correctly. PE have followed the shenanigans of phony Pharaoh for some time. Though Harrods has been propping up his business empire for some time so he really must be up [LIFTED] creek to have to offload it.

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Sat May 08, 2010 10:26 am

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