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SHUTTERING: Jasmine di Milo, the clothing label designed and owned by Jasmine Al Fayed, is closing. An industry source in London said that Al Fayed, a daughter of Mohamed Al Fayed, the former owner of Harrods, wanted to leave the fashion business and pursue other interests and challenges. A spokeswoman for the company did not return phone calls at press time. The source said the business would be wound down in an orderly fashion and the company would honor all of its contractual commitments, including delivery of the fall collection. The label, which had sales last year of 5.5 million pounds, or $8 million, is stocked at Harrods, as well as at Maxfield, Intermix, Le Bon Marché in Paris, Liberty of London and Luisa via Roma in Florence. Al Fayed unveiled the label, which is known both for its figure-hugging silhouettes and draping, on the trade show circuit in 2005 and made her runway debut in March 2006 in Paris at the Ritz, another one of her father’s properties.