LONDON-Two days after buying the famous Harrods here for $1.9 billion, Qatar Holdings, the investment arm of the Middle East nation, is considering opening up a similar store in Shanghai, China, according to a report by the Financial Times. The iconic London store is the largest of its kind in the country, with more than one million square feet of retail in at least 300 departments.

The Al Fayed family sold the Harrods Group to Qatar Holding on May 8. Credit Suisse advised the buyer on the transaction. “It is a privilege for us to acquire Harrods, a unique company that combines an iconic luxury brand and one of the most prestigious retail properties in the world with best-in-class financial metrics,” said Ahmad Al Sayed, CEO and managing director of Qatar Holding, in a statement. Mohamed Al Fayed will become an honorary chairman of Harrods.

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