Harvey Nichols Group Ltd. , the luxury department-store chain, will create a private-label collection of women’s items and expand online in a bid to stave off a slowdown in revenue growth since January discounts.
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 Gala Coral Group needed help developing a presence on Twitter, Facebook and YouTube, the European gambling company bypassed the ad giants of Madison Avenue and London to a website where agencies bid for work.