×
335
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
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.