The upscale department store group Selfridges is going up for sale at a price of £ 4 billion
Selfridges could bring in an additional £ 4 billion for its billionaire owners after it was put up for sale.
The upscale department store group, founded in 1908 by Harry Gordon Selfridge, is owned by the Canadian offshoot of the wealthy Weston family who launched it.
Credit Suisse has been appointed as the sales advisor.
For Sale: Selfridges, which owns more than 600,000 square feet of retail space in its Oxford Street store, is owned by the Canadian branch of the Weston family
Selfridges owns more than 600,000 square feet of retail space in its flagship store on Oxford Street, London.
His early years were documented in an ITV drama that ran between 2013 and 2016 that followed US-UK retail magnate Selfridge as he invested £ 400,000 to build a store on the then-unmodern end of Oxford Street.
The company, which also has stores in Manchester and Birmingham, was bought by the Westons in 2003 for £ 598 million.
The Irish operations – Arnotts and Brown Thomas – are believed to be part of the approach as well.