Mohammed Al Fayed has sold Harrods,

Egyptian businessman Mohamed Al Fayed in the end decided to sell a luxury main attraction of London - department store Harrods. More recently, al-Fayed vehemently denied such a possibility, but suddenly he changed his mind. The buyer was the royal family of Qatar, agreed to pay for store 1, 5 billion pounds. According to chairman of the investment bank Lazard International, who represented the interests of the al-Fayed in this transaction, Ken Costa, the buyer has been selected on the grounds that it "will maintain the traditions of Harrods». Himself 77-year-old businessman intends to retire. "After 25 years as head of Harrods, Mohamed Al Fayed has decided to retire to spend more time with their children and grandchildren," - said Costa. Chairman of Qatar Holding, the country's Prime Minister Sheikh Hamad bin Jassim al-Thani was glowing with joy when he was taken on a tour of his newly acquired property. He promised that the new owners will make every effort to make the department "more majestic." Asked whether he was buying anything in Harrods, he replied: "If the store were the buyers like me, he would be unlikely to be profitable. And if you are like my wife - then yes. " Harrods department store occupies almost an entire city block in the heart of London and is one of the most famous shops of premium in the world. It was opened in 1840. Qatari royal family will be the fifth in the history of the owner of Harrods.