×
6 360
Fashion Jobs
NEXT
Van Driver - Sheffield Home
Permanent · SHEFFIELD
NEXT
Van Driver - Sheffield Home
Permanent · SHEFFIELD
HENKEL ADHESIVE TECHNOLOGIES
Key Account Manager Grocery
Permanent · HEMEL HEMPSTEAD
HENKEL CONSUMER BRANDS
Sales Representative - Yorkshire
Permanent · HEMEL HEMPSTEAD
HENKEL ADHESIVE TECHNOLOGIES
Supply & Stock Specialist
Permanent · HEMEL HEMPSTEAD
HENKEL ADHESIVE TECHNOLOGIES
Warehouse Administrator
Permanent · BIRMINGHAM
HENKEL ADHESIVE TECHNOLOGIES
Logistics Coordinator (Delivery Enablement)
Permanent · HEMEL HEMPSTEAD
BURBERRY
Bsp Operations Coordinator
Permanent · LEEDS
ESTÉE LAUDER
Jo Malone - CRM Coordinator
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis -7.5 Hours
Permanent · Oxford
FRASERS GROUP
Ecommerce Delivery Manager
Permanent · SHIREBROOK
HARVEY NICHOLS
Security Officer
Permanent · BRISTOL
SHISEIDO
Nars Account Manager - Sephora Stratford Westfield (37.5)
Permanent · London
SHISEIDO
Designer Fragrances Account Manager - John Lewis Oxford Street (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - John Lewis Leicester (37.5 Hours)
Permanent · Leicester
NEXT
Sales Manager - Leicester Thurmaston
Permanent · THURMASTON
NEXT
Sales Manager - Shoreham by SEA
Permanent · SHOREHAM-BY-SEA
ADIDAS
Account Operations Senior Specialist
Permanent · MANCHESTER
PRIMARK
Performance Marketing Manager
Permanent · READING
UNDER ARMOUR
Stock Teammate, PT (32 Hours) - Bicester
Permanent · BICESTER
SCHUH
Communications & Engagement Administrator
Permanent · LIVINGSTON
FARFETCH
Director of Audit & Internal Controls
Permanent · LONDON
Ads
Published
Oct 18, 2021
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Harrods and Printemps owner in talks to buy Selfridges

Published
Oct 18, 2021

Could London's two top luxury department stores end up with the same owner? That's the question being asked on Monday as it has emerged that the owner of Harrods is possibly front-runner to buy up-for-sale Selfridges.


Selfridges



Qatar’s sovereign wealth fund is reportedly in talks on a deal as the Weston family that currently own Selfridges seeks to offload the business for around £4 billion.

City sources told the Mail on Sunday that the Harrods owner is the lead suitor. The fund, which bought Harrods for £1.5 billion in 2010 is also owner of Paris-based retailer Printemps, for which it paid €1.75 billion in 2013.

However the Qataris aren't believed to be in exclusive talks and another bidder could still bag the eventual prize. It's believed that Canada's Hudson’s Bay Company and Hong Kong's Lane Crawford also eyeing Selfridges, as is Saudi Arabia’s sovereign wealth fund. None of the parties involved have commented so far, however.

Selfridges is clearly in demand with the business, which owns several department stores in the UK, being a tourist magnet in more normal times and having seen its sales revenue doubling under its current owners.

That said, the company has struggled during the pandemic because of its city centre locations seeing very little footfall and because tourists have been thin on the ground until very recently. The Weston family launched an auction for the company back in the summer.

It's currently unclear whether any sale would also include the department stores that the business owns in other countries, including Holt Renfrew in Canada, Brown Thomas and Arnotts in Ireland and De Bijenkorf in the Netherlands. It’s believed that those businesses are also on the auction block but the current list of suitors may not want to take on all of them. 

The total number of shops owned by the company adds up to 25 worldwide and its property holdings are estimated to be worth around £2 billion.

Copyright © 2023 FashionNetwork.com All rights reserved.