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.
Harrods Ltd., owner of the London luxury department store, was sold to Qatar Holding LLC by Mohamed Al-Fayed . The price was 1.5 billion pounds ($2.2 billion), said two people familiar with the transaction.
When the Soviet Union collapsed 22 years ago, Russian women quickly cast off dowdy proletarian garb in favor of glitz such as ultra-tight sequined dresses and towering heels. Mira Duma is having none of it.