The Weston family are exploring a £4 billion sale of the Selfridges department stores after being approached by a mystery buyer. After the most challenging year in the retail group’s 113-year history, Selfridges’ billionaire owners have lined up advisers at Credit Suisse to consider their options. It is understood that a sale of the business would include its world famous Oxford Street store as well as its Exchange Square in Manchester and Brown Thomas and Arnotts shops in Dublin. SponsoredBids are likely to value the retail group at about £4 billion, with half the value ascribed to its property assets, worth around £2 billion, according to React News, which first reported the sale discussions. Anne Pitcher, the boss of Selfridges, recently told The Times

Source: The Times June 10, 2021 15:45 UTC