The Weston family has reportedly lined up Credit Suisse to explore a sale, prompted by an approach for the business.
The sale would include the iconic Oxford Street flagship, the Exchange Square outlet in Manchester and Brown Thomas in Dublin. It is understood bids in excess of £4 billion are likely to be sought for the overall business, with its real estate assets accounting for some £2 billion.
Footfall in the physical stores has damaged due to the ongoing COVID 19 pandemic. However, Selfridges have offered alternative ways of attracting customers including rooftop restaurants and being licensed to host weddings in the famous London flagship.
Terry Clark is the Publisher and Content Director of 365 Retail, with more than a decade of experience covering retail design, technology innovations, store openings and the wider retail industry. He also works closely with leading retailers, suppliers, agencies, events and industry awards across the UK.
