Herbert Smith and Latham & Watkins lead sale of Harrods

Herbert Smith and Latham & Watkins have taken lead roles on Al Fayed’s sale of the iconic department store Harrods to the investment arm of the Qatari Investment Authority (QIA) – the sovereign wealth fund of the Qatari royal family. Latham & Watkins advised QIA subsidiary Qatar Holdings on the deal with a team led by London managing partner Nick Cline corporate partner Mike Bond. The Herbert Smith team advised Al Fayed with a team led by corporate partner Roddy Martin, and including corporate partner Chris Parsons. No pricing details have been released, but it is understood that the final price was more than £1.5bn.

Herbert Smith and Latham & Watkins lead sale of Harrods thelawyer.com Tue, May 11, 2010