Harrods in London is sold for $2.2 billion! Not bad Mohamed Al Fayed

I remember, when I first moved to London, one of the secretaries in my office made quite a crazy statement. She said, “One day I will be so rich that I will buy even my milk at Harrods. I just love that store and you don’t need to shop anywhere else as long as you have lots of money.” Of course being American, Harrods was not a staple store I grew up with. In fact I don’t think we really had an equivalent to Harrods in Charlotte, North Carolina where I would be presented with an opportunity to pay more for milk than at my local grocery. But when I came to England, for a certain breed, on these shores, Harrods represented “making it” in the world. Go figure. 

The store has a long and illustrious history. It first opened its doors to the public in 1849 and since that time has stretched across four and a half acres of store space over seven floors! Harrods is a London landmark that is a must see on ever itinerary no matter where you visit us from. The department store has seen five different owners since it was first opened and the fifth, after Mohamed Al Fayed, is Qatar Holding.  Al Fayed is saying retiring after overseeing the empire for the past 25 years.

Not much was said in the statements released by those representing the buyer and the seller in the transaction. From what we can tell things at Harrods will operate as normal. However, you can never be sure of what’s just around the corner…we’ll keep our eyes and ears open and report back if we hear anything! Just as long as they keep their huge semi-annual sales we’ll be happy! 😉

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