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Mohammed Al Fayed sells Harrods store to Qatar Holdings
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=8131		 Page 1 of 1
Author:  pcernie [ Sat May 08, 2010 10:21 am ]
Post subject:  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: :?
Author:  bobbdobbs [ Sat May 08, 2010 10:26 am ]
Post subject:  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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