Technically, Dodi Fayed did not sell Harrods; it was his father, Mohamed Al-Fayed, who sold the iconic London department store to Qatar Holdings, the sovereign wealth fund of the state of Qatar, for £1.5 billion (approximately $2.3 billion at the time) in May 2010. Dodi Fayed tragically passed away in 1997, thirteen years before the sale took place. Mohamed Al-Fayed, who had owned the store since 1985, decided to sell after twenty-five years of ownership, citing a desire to retire and ensure the legacy of the "world's most famous store" was preserved by a stable and well-funded entity. In 2026, Harrods remains under Qatari ownership and continues to be a global landmark for luxury shopping. The sale marked the end of the Al-Fayed era, which was defined by significant renovations, the creation of the "Egyptian Escalator," and the controversial memorials to Dodi and Diana, Princess of Wales, which were eventually removed by the new owners.