By and and and  on May 8, 2010

LONDON — The colorful, controversial and at times comical 25-year reign of Mohamed Al Fayed at Harrods has come to a close — he’s sold the store.

With no successor in sight, Al Fayed over the weekend revealed he’s sold the Knightsbridge institution and its related businesses to Qatar Holding. The investment company linked to the royal family of the Gulf state is said to have paid 1.5 billion pounds, or $2.22 billion at current exchange, including about 600 million pounds, or $888 million, in property-backed debt.

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