// Selfridges eyeing the sale of its web operations
// The Weston family – who own Selfridges – are in discussions with Qatar about a potential £4bn sale of the department store
// Selfridges is now considering a possible splitting-off of the ecommerce operations
Selfridges has reportedly held discussions with potential investors about selling off its web operations.
The news comes after the company announced last month that its owners the Weston family were in discussions with Qatar about a potential £4 billion sale.
Selfridges is now considering a possible splitting-off of the ecommerce operations.
Although Selfridges has not commented on this matter, “a person close to the retailer said that it’s not currently under consideration”, Bloomberg reported.
If it goes ahead, the retailer will still be expected to control marketing, merchandising and intellectual property around its web operations.
Selfridges does not break out its online sales, but managing director Anne Pitcher said earlier this year that digital sales helped mitigate store closures during the pandemic.