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UK department store Selfridges put up for sale for £4 bn
29 Jul '21
1 min read
Pic: Shutterstock
Canada’s Weston family that owns Selfridges has put up the UK department store for sale, giving the luxury retail space a price tag of £4 billion. The Westons have appointed advisors from Credit Suisse to oversee an auction. The assets include Selfridges’ four stores in London, Manchester and Birmingham, as well as Brand Thomas in Ireland and De Bijenforf in the Netherlands.
The family is sending out information memorandum to an elite group of buyers in the next few weeks, according to UK media reports.
Selfridges saw operating profit drop by 10 per cent to £88 million in the year to February 2020.
The family is sending out information memorandum to an elite group of buyers in the next few weeks, according to UK media reports.
Selfridges saw operating profit drop by 10 per cent to £88 million in the year to February 2020.
Fibre2Fashion News Desk (DS)
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