Very strange move, in my view. Is he quitting while he's ahead, because he knows something that we don't? Maybe before the economy dips too low? Why not keep this 'valuable' asset within the family?
Mohammed Al Fayed sells Harrods store to Qatar Holdings
Mohammed Al Fayed has sold London department store Harrods to the Qatari royal family's investment company for a reported £1.5bn ($2.3bn).
The Egyptian-born tycoon acquired the business in Knightsbridge following a £615m takeover in 1985.
Ken Costa, an adviser to the deal with Qatar Holdings, said Mr Al Fayed was retiring "to spend more time with his children and grandchildren".
He will continue to promote the store in the role of honorary chairman.
But Mr Al Fayed will not be involved in running the company on a day-to-day basis.
The sale, signed in the early hours of 8 May, will include all parts of the Harrods group, including Harrods Estates and a charter aircraft service.
http://news.bbc.co.uk/1/hi/business/8669657.stm
FAYA BUN DEM
Dow falls almost 1000, recovers 600
I don't believe it was "a mistake" or that the computers made some errors,the truth is that............IT'S GOING DOWN PEOPLE!!!!!Keep seeing 777 around me for weeks now, it mean completion,im starting seeing 111 now,the beginning and the end!
Nice observations sister with Al Fayed,it remind with what Silverstein did before 9/11.I guess there is a connection with the actual confused political situation in England.Harrods represent the luxury and the riches of the Queendom,it's funny that an arab took control of that stuff and now he sold it to his arab brothers,lmao,probably revenge,since he believes the Queen got his son killed...
God save....i mean GOD D@MN THE QUEEN