Harrods Says It's Not for Sale
Mohamed Al-Fayed, owner of luxe London department store Harrods, the largest and one of the most luxurious in the world which holds royal warrants from the likes of the Queen, the Queen Mother and the Prince of Wales, has denied that he plans to sell the famed firm following reports to the contrary. "We do not comment on rumours or speculation," Harrods' director of public affairs told Retail Week. "That is neither to confirm nor deny that any discussions have taken place to sell the store. However, for some time we have been aware of gossip circulating over a possible sale, and we took the decision to reassure staff this morning that this was not the case via a store-wide announcement. We are happy to confirm that Harrods is not for sale and is not being sold." Estimates put the famed store's worth at over £2 billion should Al-Fayed change his mind.