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.
PetroChina Co. , Asia’s biggest company by market value, posted a 13 percent gain in third- quarter profit, beating estimates, as the oil and gas producer increased output to benefit from higher crude prices.
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.