Selfridges goes on sale for over £4bn

Selfridges
Selfridges’ property assets alone are worth £2 billion
// Selfridges may be sold for over £4bn following an unsolicited approach
// The retailer brought in advisers from Credit Suisse
// The bid interest is likely to draw out other would-be buyers

Selfridges may be sold for £4 billion or more after considering buyer interest following an unsolicited approach.

The luxury department store is owned by the Weston family, who also control Primark, and have brought in advisers from Credit Suisse.

The bid interest is likely to draw out other would-be buyers.


READ MORE: Family behind Selfridges & Primark retain top spot in retail rich list


An approach to buy Selfridges has been made, but a deal was not a foregone conclusion.

Meanwhile, the Westons are likely to consider the extent to which any interested parties value sustainability as Selfridges has put sustainability at the heart of its strategy.

Selfridges’ property assets alone are worth £2 billion.

In its most recently reported financial year, Selfridges Group’s holding company SHEL Holdings said the pandemic “had a significant short-term impact on the group’s profitability” but it has “committed support from its ultimate parent company”.

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3 COMMENTS

  1. I would think that a European business like LVHM or Pontegadea (Zara) would be a good
    match .Whoever does take it must respect the value of this retail giant to the cities where
    they are located.

  2. The Weston family are asking £4 billion for a business model which does not work anymore. They got stuck holding the baby in the new normal. Their Oxford Street property should be converted into keyworker flats.

  3. The Westons retailing brilliance in creating the Sefridges as we see it today is a hard act to follow for any other UK, or International, retailing organisation.

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