Luxury department store group Selfridges for sale at £ 4 billion price tag
Selfridges could deduct an additional £ 4 billion to its millionaire owner after it goes on sale.
Founded by Harry Gordon Selfridges in 1908, the luxury department store group is owned by the Canadian branch of the wealthy Weston family who put it on the market.
Credit Suisse has been appointed as an advisor for the sale.
For Sale: Selfridges, which owns more than 600,000 square feet of sales space at its Oxford Street store in London, is owned by the Weston family’s Canadian branch.
Selfridges owns more than 600,000 square feet of sales space on Oxford Street, London’s flagship store.
Its early years were recorded in the 2013-2016 ITV historical drama, with US and British retail giant Selfridges investing £ 400,000 to make Oxford Street fashionable at the time. I built a store on the edge.
The business, which also operates stores in Manchester and Birmingham, was acquired by Westons in 2003 for £ 598m.
Its Irish business – Arnotts and Brown Thomas – is also believed to form part of the approach.
Luxury department store group Selfridges for sale for £ 4 billion
Source link Luxury department store group Selfridges for sale for £ 4 billion