Prolonged closure, falling tourist numbers...After suffering the pangs of lockdowns, Selfridges department stores are looking for a new investor to make a real digital shift and secure the future.
In a continuing uncertain context, the sale of Selfridges (4 department stores in Manchester and London, including Oxford Street), one of the high points of British refinement with rival Harrods, is going ahead. In July 2021, the wealthy Canadian branch of the Weston family, with multiple interests in retail (including Loblaws superstores), commissioned Credit Suisse to find buyers for a group of stores including Selfridges plus Holt Renfrew (Canada), Brown Thomas and Arnotts (in Ireland)...
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