Mohamed Al-Fayed

Mohamed Abdel Moneim Fayed or Mohamed Al-Fayed (in Arab: محمدالفايد ) born on January 27th 1933 is a businessman of Egyptian origin . It fore-mentioned itself Mohamed Al - Fayed, Al being a name of Arab language, some critical rule the fact that he does not have the right of it.

Mohamed Al-Fayed is the owner of the department store Harrods located at Knightsbridge, London, the team of Football of F First League Fulham Football Club, like in other economic interests. He started again the humorous gazette British Punch in 1996, but filed for bankruptcy in 2002.

Fayed is married with old the Mannequin Finnish Heini Wathén. It always has 4 children in life Jasmine, Karim, Camilla and Omar. The fifth child, Dodi died in the car accident which also killed the princess of Wales Diana, in August 1997.

Biography

Beginnings in the business

Born with Bakos (باكوس), a village located in the vicinity in the east of Alexandria in Egypt, as an oldest son of a poor teacher, Fayed tries many employment, sale of Coke in the streets of its city to work as a salesman of sewing machines or as a professor.

It is made money after being married with the sister of the international salesman of weapons Adnan Kashoggi, which employs it in its import trade in Saudi Arabia. After being itself largely established in the circles of influences of the United Arab Emirates, Haiti and London, Fayed founds its own maritime company in Egypt before becoming the financial adviser of the one of the men richest in the world, the Sultan of Brunei, in 1966.

It arrives in Great Britain in 1974 and adds the to its name, called by the newspaper Private Eye " the Phoney Pharaoh" (" the forgery pharaon"). It briefly joined the board of directors of the mining conglomerate Lonmin in 1975. In 1985, it remarie with Wathén, its second wife.

The Harrods time and accounting scandals

In 1979, Fayed buys the luxury hotel Paris IEN Ritz , and in 1985, it and its brother Ali repurchase off the company House Fraser, including the famous London store Harrods, for 615 million £. The business with Harrods is made under the nose of Roland “Tiny” Rowland, Lonrho leader. Rowland then sought to buy Harrods and off sent Fayed in front of the Department Trade and Industry for an investigation. The investigation, implying one of the worst businesses of enmities in the history of English business, was completed in 1990 on a report/ratio declaring that the Fayed brothers lied in connection with their equities and their richnesses. The quarrel with Rowland continues when he shows them to fly of the million in jewels of his compartment of safe located at Harrods. Rowland mourrut and Al-Fayed regulated the conflict by paying money with its widow. Fayed is stopped during the litigation and prosecutes the Metropolitan Police Service for the false arrest in 2002, but it lost the Procès.

In 1994, the House off Fraser becomes public, but Fayed maintains its standpoint of majority owner of Harrods.

During years, it tries, without success to reach the British Citoyenneté. The ministry in charge of the British interior matters, the Secretary Home of the Workers party and the Conservative party rejètent successively and on several occasions the canditature with the reason which it has a bad reputation. Consequently, it carries the business, without success in justice. In an effort to improve its image, it offers million books to charity works, such as the Great Ormond Street Hospital, a hospital for children.

Fayed is implied in a scandal of businesses of financial embezzlements " scandal" , by offering to the member preserving Parliament Neil Hamilton and Tim Smith of the money to put questions with the Parliament, in what certain observers see as a blow assembled established with an aim of accusing ministers of a government who regarded it as doubtful. It provides the note of Hôtel Ritz of Paris of the member of the Parliament Jonathan Aitken to Peter Preston of the Quotidien The Guardian , of this fact destroying the business of slandering of Aitken against the newspaper and having for result the judgment for perjury of Aitken.

The tragedy of his/her son and Diana

The son of Fayed, Dodi which left with the Diana princess, is killed with it in an car accident in Paris in 1997. Fayed since emitted allegations repeated on the fact that the deaths were not accidental but rather the result of a wide conspiracy implying the Prince Philippe, MI5 and others. This countryside had as consequences the loss of all them, the royal shares in the Harrods store. Fayed suggested that a Cabale of the royalty and security services British could not supported the possibility that Diana carries a child of Dodi, and although there is no proof but Diana which was not with Dodi Fayed that little time before their death, had as an idea to marry with him, of the evidence exist that she was pregnant of their child at the time of her death, that he detailed on his Internet site. Fayed as declared as it was victim of a long denigration campaign " the binder with the Terrorist group Al-Qaida.

In 1998, it helps with the foundation of The New School At West Heath in homage to late Princesse Diana, while contributing of approximately 3 million Pound sterling, through the shares of its own foundation of charity, Charitable Al-Fayed Foundation.

Lately

In 2003, Fayed moves Surrey, the U.K. in Suisse, pleading an infringement in the agreement with, the British department in charge of the perception of the taxes. In January 2005, a newspaper of Geneva shows that Fayed moves again with Monaco to take advantage of a more favorable tax climate. Fayed now thinks of taking the passport UAE and stops postulating with the British citizenship.

Fayed has a fortune estimated between 800 million and 3,3 billion Dollar S and continuous to support many charity works through Charitable Al-Fayed Foundation. However, it is often criticized not to help the ONG and associations of its native land, Egypt.

Fulham FC

In summer 1997, Fayed then buys Fulham FC in Football League One with the president Jimmy Hill. This takeover was similar to that of Roman Abramovich in 2003 for the club of Chelsea FC. He wanted that Fulham becomes a power of the Football for its pleasure, its reputation and for financial interests also. He aimed also to reach the F First League in 5 years, and installs an ideal team of managers composed of Ray Wilkins and Kevin Keegan. Fulham largely gains the title of the Second Division Football League One with a record of 101 points and in 2001 it then brought the trainer Jean Tigana to the levers of the team in First Division Coca-Cola Championship .

Fayed declared that he wanted that Fulham becomes “Manchester United off the South” in reference to the accession of Manchester United to the statute of better club of planet. Al-Fayed invests more than 30 million books in the transfers, however, the team in 2001 finished in the 13th place. Whereas at the beginning, it seemed to be invested humanly for the team, it manages now the team like a company. From 2003 to 2006, very little money was invested there, but at the summer 2006, Fayed placed 6 million books in the transfers, which remotiva fans.

Owner or owner of shares in:

Harrods, the store of luxury in London.
The Charitable Al-Fayed Foundation, personal bottom of charity.
Fulham Football Club, the British football team.
the Hotel Ritz (Paris)
Punch magazine, a British satirical gazette.
HJW GeoSpatial, geospatial and satellite image intended to chart planet.

Presence in the media

Fayed: The Unauthorized Biography by Tom Bower, where Al-Fayed is described like whimsical and a compulsif lying .
" Mahmoud El-Masry" , a telefilm of fiction based on its life, diffused in November 2004 simultaneously on the stations of satellite televisions Arabic-speaking person during a premium-time in the month devoted to the Ramadan.
a Documentaire for television makes by Keith Allen, entitled " You' Re Fayed! " , " (You were adjusted!)" , including a long interview of the Al-Fayed opinion on the British Royal family, the Diana princess and her lifestyle.
Al-Fayed appears in the popular show Ali G Show in which Ali improvises a Rap about a made flight with Harrods, parodying the song Can I kick it of the has Tribe Called Quest in “Edge I nick it”.

See too

References

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