Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
The list of potential bidders for Debenhams has got smaller with news that deep-pocketed Reliance Retail has dropped out. It's also been suggested that the owner of its Oxford Street store wants to break the lease.
Mike Ashley's Frasers Group, formerly Sports Direct, has taken a 5.1% stake in German label Hugo Boss through stocks and derivatives, continuing his drive to take the British sportswear and apparel retailer upmarket.
Crystal specialist Swarovski has chosen Milan and Italy as the first venue of its new Crystal Studio retail format, based on interactivity and digital tech, which will be replicated with various adaptations worldwide.
Expect a somewhat confusing scene in London Fashion Week this season, with a multitude of art installations, pop-ups and events open to the public –though much of that will represent a very welcome change.
The industry is reeling from news that Bestseller owner and major Asos investor Anders Holch Povlsen lost three of his four children in the senseless tragedy that unfolded in Sri Lanka on Easter Sunday.