Qatar Holding LLC’s 1.5 billion-pound ($2.2 billion) purchase of Harrods Ltd. may herald more investment in the industry as foreign buyers take advantage of a consumer-spending revival and a falling pound.
Missoni SpA’s strong management and niche positioning should help the Italian fashion company carry on should the worst be confirmed about scion Vittorio Missoni, whose plane disappeared last week, analysts said.
PVH Corp., the owner of the Tommy Hilfiger brand, agreed to buy Warnaco Group Inc. in a $2.9 billion transaction, bringing all Calvin Klein-branded apparel under one roof in the largest clothing-industry deal announced in 2012.
When Mohammed Al-Haj, a 27-year-old marketing executive in Abu Dhabi, hinted to his girlfriend that he wanted a new cell phone for his birthday, he wasn’t after the latest Apple Inc. or Android device. He wanted a Nokia.