Upmarket department store group Selfridges is put up for sale with a £4bn price tag
Selfridges could net its billionaire owners another £4billion after being put up for sale.
The upmarket department store group, founded by Harry Gordon Selfridge in 1908, is owned by the Canadian branch of the wealthy Weston family who have put it on the market.
Credit Suisse has been appointed adviser on the sale.
For sale: Selfridges, which owns more than 600,000 square feet of selling space at its store on London’s Oxford Street is owned by the Canadian branch of the Weston family
Selfridges owns more than 600,000 square feet of selling space at its flagship Oxford Street store in London.
Its early years were documented in an ITV period drama, which ran between 2013 and 2016 and followed the American-British retail magnate Selfridge as he invested £400,000 to build a shop on what was then the unfashionable end of Oxford Street.
The business, which also runs stores in Manchester and Birmingham, was bought by the Westons for £598million in 2003.
Its Irish operations – Arnotts and Brown Thomas – are also believed to form part of the approach.