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fashion-scoops

Giorgio Ole!, The Homecoming, Emperor Val...

Giorgio Armani's designs now span from the runway and the living room to the oldest bullfighting ring in Spain.

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BLACK GOLD: Mohamed Al Fayed is known for sourcing all manner of luxury goods to line the shelves of his famed department store, Harrods, but now it seems he’s rustling up another highly prized asset — oil.

Last Thursday, London’s High Court awarded Al Fayed a 9 percent share of the future proceeds of an oil field that’s located underneath his estate in Surrey, just outside of London. Al Fayed had sued Star Energy, the U.K. oil producer that owns the oil field, for trespassing, after Star Energy had been producing oil from land under Al Fayed’s estate without his knowledge since 1994. Al Fayed was also awarded a 9 percent share of the 7 million pounds, or $13.9 million, worth of oil the oil field has produced since 2000. “I am satisfied with the decision. Justice has been done,” said Al Fayed.

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