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Is Harrods up for sale?

£2bn trophy

£2bn trophy

A good contact of mine told me the other day that Mohammed Al-Fayed wished to sell Harrods.   Some kind of marketing process was underway with a £2bn sticker price.  The business apparently makes about £50m EBIT (haven’t checked this) but has a complicated structure.  It’s also clearly a trophy asset in good times. Not a great time to sell, but there are apparently succession issues, which stacks up from the public record.

The price sounds high, but that’s what the sticker price is all about.  The person concerned has good sources and is normally pretty reliable.  But I haven’t heard any more since……

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