Dubai Holding said to purchase stake in Zara’s Middle East operator

Dubai Holding said to purchase stake in Zara’s Middle East operator

An Emirati man looks out from the Dubai Creek Habour Development towards the Burj Khalifa tower, center, and other skyscrapers in Dubai, United Arab Emirates, on Monday, June 18, 2018. Photographer: Christopher Pike/Bloomberg

Dubai Holding LLC, the investment firm owned by the emirate’s ruler, agreed to acquire a minority stake in the operator of Zara clothing and Virgin Megastore chains in the Middle East, according to people with the matter.

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