Business

Upmarket department store group Selfridges put up for sale for £4bn

Upmarket department store group Selfridges is put up for sale with a £4bn price ticket



Selfridges may web its billionaire homeowners one other £4billion after being put up for sale. 

The upmarket department store group, based by Harry Gordon Selfridge in 1908, is owned by the Canadian department of the rich Weston household who’ve put it on the market. 

Credit Suisse has been appointed adviser on the sale. 

For sale: Selfridges, which owns greater than 600,000 sq. ft of promoting area at its store on London’s Oxford Street is owned by the Canadian department of the Weston household

Selfridges owns greater than 600,000 sq. ft of promoting area at its flagship Oxford Street store in London. 

Its early years have been documented in an ITV interval drama, which ran between 2013 and 2016 and adopted the American-British retail magnate Selfridge as he invested £400,000 to build a store on what was then the retro finish of Oxford Street. 

The business, which additionally runs shops in Manchester and Birmingham, was purchased by the Westons for £598million in 2003.

Its Irish operations – Arnotts and Brown Thomas – are additionally believed to kind a part of the strategy. 

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