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Former Harrods owner buys luxury e-commerce site COCOSA

German media group Bauer Media sold the private sales luxury e-commerce site COCOSA business to Al Fayed Family Trusts. The site, which launched in 2008, has more than 500,000 members and sells luxury fashion and accessories brands including Vivienne Westwood and Julien MacDonald, at discounted prices. Al-Fayed, who sold Harrods to Qatar Holdings for £1.5bn last year, is thought to be using Cocosa as a springboard to launch a new online retail empire.

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