Mohammed Al Fayed

Time is precious on holiday. Every minute spent waiting for the washing machine is another minute I could be spending exploring London. I cram so much into my days here - awake at dawn, checking my emails and social media, washing, a bit of cleaning, errands to the post office and then setting out for a day of exploration.I sat at the station this morning waiting for the train when Patrick and Nina in the birthing suite caught my eye. The girl sitting next to me was watching Offspring on her...Read Full Story

In the US President Barack Obama (pictured above) is aiming to water down Democratic proposals on pay caps for banking executives because he fears a “brain drain” on Wall Street. In a move that has angered some prominent leaders of his own party, the President has indicated his concern that new limits on bonuses and compensation — inserted into his $787  billion stimulus Bill, which he signed into law in Denver yesterday - are too draconian and could limit banks’ co-operation with his plan to...Read Full Story

Mohamed Al-Fayed is a world-renowned businessman and philanthropist, heading up the AlFayed Foundation, the Fulham football club and, until last year, owning one of the world’s largest department stores for 25 years, Harrods. Al-Fayed has recently stepped down from his ownership of many ventures and decided to spend more time with his family at 81 years old.Al-Fayed is one of the most successful businessmen to have ever come out of Egypt. He was born there in Alexandria in 1929 and lived in...Read Full Story

Filed under: Fashion, News, Designers & Brands, Shopping London shopping mecca, Harrods. Photo: AFP/Getty Images Now that's what we call a retirement fund. Tycoon Mohammed Al Fayed is $2.3 billion richer after selling famed London department store Harrods upon his retirement, BBC News reports. The (ridiculously rich) buyers? None other than the Qatari royal family. (What? Couldn't the queen cough up the change?) "In reaching the decision to retire, he [Al Fayed] wished to ensure that the...Read Full Story

Founded in 1934 by Charles Henry Harrod, Harrods is one of the world’s foremost luxury department stores. After nearly 200 years in business, Harrods is now owned by the Qatar Investment Authority and employs over 5,000 people around the globe. The famous store is located in the Royal Borough of Kensington & Chelsea in London.Harrods is the biggest shop of its sort in the UK. It covers an impressive 4.5 acres of land and has over a million square feet of shopping space. This is the only...Read Full Story