Harrods, the world's icon store, has been sold by its flamboyant owner Mohammad Al Fayed to Qatari royals for a whopping 1.5 billion pounds
A colurful but controversial figure, Al Fayed acquired Harrods, located in London's exclusive Knightsbridge, in 1985 for 615 million pounds.
"After 25 years as chairman of Harrods, Mohammad Al Fayed has decided to retire and spend more time with his family," his investors told BBC.
Qatar holding, the investment arm of Qatari royal family will become only the 5th owner of the icon store since its creation in 1840.
