Qatar’s Harrods Purchase Adds to Emirate’s British Investments

The purchase of Harrods Ltd. by Qatar Holding LLC adds London’s best-known luxury store to the emirate’s British investments ranging from the Canary Wharf banking district to the London Stock Exchange.

The sovereign-wealth fund paid Mohamed Al-Fayed, owner of the store company, 1.5 billion pounds ($2.2 billion), two people familiar with the transaction said yesterday. They declined to be identified because the terms weren’t disclosed.