Former Harrods owner Mohamed Al Fayed has decided to stretch his fashionable wings even further by buying luxury members only e-tailer Cocosa – is there no end to his stylish empire?

Cocosa has reportedly been sold to Mohamed for an undisclosed sum, making a new welcomed edition to the business tycoon’s endless portfolio of high-end companies.

The online e-tailer sells designer fashion at irresistible discounted prices, and after launching in 2008, it already has over 500,000 members to date.

Al-Fayed bought the internet shopping site from former owners Bauer Media, adding it to his family company ‘Cocosa Lifestyle’ – it is also thought the Egyptian billionaire bought the business in order to launch a larger online shopping empire, reports LDNfashion.

Let’s hope he keeps the sale prices just as they are!