Britain's Harrods Sold to Qatar Holding

DolceTracker| It’s rather symbolic that in the midst of England’s political turmoil to form a new government that Harrold’s has changed ownership. Mohammed Al Fayed’s family trust agreed to sell all million square feet of Harrods to Qatar Holding for about £1.5 billion ($2.22 billion).

“In reaching the decision to retire, he wished to ensure that the legacy and traditions that he has built up in Harrods would be continued, and that the team that he has built up would be encouraged to develop the foundations that he has laid … Qatar Holding was specifically chosen … as they had both the vision and financial capacity to support the long-term successful growth of Harrods.” via The National. Read on in AOC Shopping.