×
1 186
Fashion Jobs
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots st Albans- 22.5 Hours - Permanent
Permanent · St Albans
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Oxford Street London - 15 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - Fenwick - Bracknell - 37.5 Hours - Full-Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
Clinique - Consultant - John Lewis, High Wycombe - 16 Hours - Part Time, Permanent
Permanent · High Wycombe
ESTÉE LAUDER
Clinique - Consultant - Moores, Coleraine - 12 Hours - Part Time, Permanent
Permanent · Coleraine
ESTÉE LAUDER
Clinique - Consultant - Boots, Barnstaple - 7.5 Hours - Part-Time, Permanent
Permanent · Barnstaple
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place - 37.5 Hours - Full Time, Permanent
Permanent · London
NIKE
HR Operations Consultant, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 7.5 Hours - Part-Time - Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots Kingston - 15 Hours - Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Norwich - 30 Hours - Full Time, Permanent
Permanent · Norwich
ESTÉE LAUDER
Clinique - Consultant - Boots, Milton Keynes - 14 Hours - Part Time, Permanent
Permanent · Milton Keynes
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, Boots - Fort Kinnaird - 11.5 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Stockton, Boots Teeside - 22 Hours - Part Time - Permanent
Permanent · Stockton-on-Tees
ESTÉE LAUDER
Clinique - Consultant - Boots, Uxbridge - 7.5 Hours - Part Time, Permanent
Permanent · Uxbridge
ESTÉE LAUDER
Clinique - Consultant - Boots Stratford City e20 - 7.5 Hours - Permanent
Permanent · London
ICEBREAKER
Key Account Manager
Permanent · LONDON
Advertisements
Published
Jul 26, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Selfridges is up for sale, offers over £4bn sought

Published
Jul 26, 2021

Selfridges is officially up for sale with a formal auction process set to start and an asking price of at least £4 billion. It hasn’t been announced by its owners, the billionaire Weston family, but a news report said advisers at Credit Suisse will be sending out documents to prospective buyers “imminently”.




Sources told The Times that two or three suitors had already shown an interest but the process hadn’t got as far as any formal bids.

The Selfridges business has 25 stores globally, although it’s best known for its Oxford Street, London flagship. As well as other eponymous stores in the UK, it owns further luxury-focused department stores such as Brown Thomas and Arnotts in Ireland, De Bijenkorf in the Netherlands and Holt Renfrew in Canada. 

The business has been buoyant in recent years, although the pandemic still dented it badly and the Selfridges chain made a number of redundancies last year.

The sale process comes after news in June that an unknown bidder had approached the owners, with some expressing surprise as the Weston family hadn’t been seen as likely to sell.

The Weston wealth is rooted in retail with the wider family also controlling businesses such as Fortnum & Mason, Primark and Heal’s.

The Westons have owned Selfridges since 2003 when they beat opposition to the prize for a purchase price of £598 million. The late W Galen Weston led the purchase and became chairman, a role currently held by his daughter Alannah. The Times said its sources believed W Galen Weston would have “fiercely opposed” a sale.

The identity of the original bidder remains a mystery and there has been speculation that interested parties would include sovereign wealth funds. It would be intriguing to think that the Qatar Investment Authority might make a play for the business. It already owns Harrods, the luxury department store in Knightsbridge, across town from the Selfridges West End flagship. It paid £1.5 billion for the business in 2010.

Hong Kong’s Lane Crawford has also been suggested as a possible buyer.

Copyright © 2021 FashionNetwork.com All rights reserved.