Al Fayed sells Harrods Herbert Smith and Latham amp Watkins advise

Harrods, the iconic London Store has been sold by Mohamed Al-Fayed and his brothers to the Qatari royal family for a whopping £1.5 billion (Rs. 10,000 crore). The company is purchased by Qatar Holdings, an arm of the Qatar Investment Authority (QIA), which is a sovereign arm of the Qatari Royal Family.