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.