Last Updated on 5th July 2011
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!