Quizzes & Puzzles1 min ago
Bargain !
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Mohammed Al Fayed has sold Britain's most famous department store - Harrods - for the princely sum of £1.5bn. Cheap, or non?
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It's a very sad day NM,
We used to live not that far from Harrods,and have seen Mr Al Fayed bring it back up to it;s origial level(after House of Fraser had dragged it down to theirs).
I wonder what made Al Fayed suddenly decide to sell it.Mind you given the world recession who knows how much he has lost in other areas?
I just hope that the invstment group Lazzards don't get it.They already own the Selfridge griup (which doesn't bode well0 If the owner of Harvey Nichols gets it at least they have retail experience (of the same level).
The Qatar Royal family (if it's true they have bought it) will at least give it to a management group to administer,as they won't want to actually run it.Much like the Dorchester Hotel,owned by the Sultan of Brunei,but run by Mandarin Hotels on his behalf.
We wait and see.
We used to live not that far from Harrods,and have seen Mr Al Fayed bring it back up to it;s origial level(after House of Fraser had dragged it down to theirs).
I wonder what made Al Fayed suddenly decide to sell it.Mind you given the world recession who knows how much he has lost in other areas?
I just hope that the invstment group Lazzards don't get it.They already own the Selfridge griup (which doesn't bode well0 If the owner of Harvey Nichols gets it at least they have retail experience (of the same level).
The Qatar Royal family (if it's true they have bought it) will at least give it to a management group to administer,as they won't want to actually run it.Much like the Dorchester Hotel,owned by the Sultan of Brunei,but run by Mandarin Hotels on his behalf.
We wait and see.
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