Selfridges Archives

Selfridges CEO Keith to step down, group CEO Maeder steps in

July 30, 2024 mpsingh No Comments Business CEO, Group, Keith, Maeder, Selfridges, Step, Steps

Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group with the group’s chief executive André Maeder replacing him. He’s leaving this autumn to pursue new ventures. Selfridges Selfridges has four UK department stores while the group also includes De Bijenkorf in the Netherlands, and Brown Thomas Arnotts in Ireland. Tos Chirathivat, [...]read moreSelfridges CEO Keith to step down, group CEO Maeder steps in

Saudi wealth fund offers to boost stake in Selfridges to 50%

July 22, 2024 mpsingh No Comments Business Boost, fund, Offers, Saudi, Selfridges, stake, Wealth

By Bloomberg Published Jul 22, 2024 Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50%, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency. Selfridges PIF already owns a 10% share in the Selfridges properties and has offered to buy [...]read moreSaudi wealth fund offers to boost stake in Selfridges to 50%

Selfridges to cut more jobs in wake of tax-free shopping’s end

May 12, 2024 mpsingh No Comments Business cut, jobs, Selfridges, shoppings, taxfree, Wake

The UK government’s refusal to reinstate tax-free shopping to expand luxury spending and boost hospitality continues to cost jobs at Selfridges. Selfridges The high-end department store group is to make around another 70 staff reductions, this time at its head office, with its CEO Andrew Keith claiming the new set of redundancies had been caused [...]read moreSelfridges to cut more jobs in wake of tax-free shopping’s end

Central’s search for new Selfridges partner goes on, reportedly in talks with possible buyers

April 22, 2024 mpsingh No Comments Business Buyers, Centrals, Partner, reportedly, Search, Selfridges, Talks

Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa. Selfridges Central is aiming for a partner to buy out Signa’s remaining holding and The Times reported that it’s talking to several sovereign wealth funds and other deep-pocketed potential buyers. [...]read moreCentral’s search for new Selfridges partner goes on, reportedly in talks with possible buyers

Thai investor plans to buy Signa Brands including Selfridges

April 1, 2024 mpsingh No Comments Business Brands, Buy, including, investor, Plans, Selfridges, Signa, Thai

By Bloomberg Published Apr 1, 2024 Thailand’s Central Group plans to buy upscale brands from Signa Retail Luxury Holding, including Selfridges in London, Germany’s KaDeWe Group and Switzerland’s Globus, according a report by Business Insider. Bloomberg Central Group is in talks with Saudi Arabia’s Public Investment Fund about Selfridges, according to the report. The Thai [...]read moreThai investor plans to buy Signa Brands including Selfridges

Kering denies interest in buying Selfridges stake, Saudi fund stays tight-lipped on speculation

March 20, 2024 mpsingh No Comments Business buying, denies, fund, interest, Kering, Saudi, Selfridges, speculation, stake, stays, tightlipped

The problems at Signa could be a boon for Saudi Arabia’s sovereign wealth fund as it’s reportedly targeting a stake in Selfridges. But French giant Kering has said it’s not interested, despite a report that it was eyeing the business. Selfridges The Telegraph reported that the Gucci and Saint Laurent owner was among the big-hitters circling [...]read moreKering denies interest in buying Selfridges stake, Saudi fund stays tight-lipped on speculation

Gymshark plans new London, NYC stores, premium line in deal with Selfridges

February 22, 2024 mpsingh No Comments Business deal, Gymshark, line, London, NYC, Plans, premium, Selfridges, stores

Fast-growing activewear brand Gymshark has filed its accounts for FY23, with strong growth continuing. And it has also revealed some key expansion plans for this year. Gymshark They include its second permanent store in London’s Westfield Stratford; its first wholesale partnership “with the icon that is Selfridges” to sell its first premium range of clothing; [...]read moreGymshark plans new London, NYC stores, premium line in deal with Selfridges

Thai retailer says it’s received no communication about Selfridges investment

January 9, 2024 mpsingh No Comments Business investment, retailer, Selfridges

By Bloomberg Published Jan 8, 2024 Central Retail Corp., one of Thailand’s biggest retailers, said that it has not received any communication about investing in the iconic Selfridges department store, which is majority owned by its parent company. Selfridges Responding to recent news about Selfridges’ cash crunch, the statement clarified that the company was not [...]read moreThai retailer says it’s received no communication about Selfridges investment