Selfridges on sale as owners launch auction starting at £4bn July 26, 2021 Selfridges’ owners, the billionaire Weston family, has launched a formal auction to sell its chain of department stores. Advisers at Credit Suisse are starting to look for a buyer and will send out information to target potential bidders and kick off the process. The company is valued at around £4bn. Potential suitors are said to [...]
Selfridges put up for sale with £4bn price tag June 10, 2021 The billionaire owners of Selfridges are considering selling the iconic department store group, with bids expected to top £4bn. The Weston Family has lined up advisers at Credit Suisse to advise on a potential sale after receiving an unsolicited takeover approach, React News reported. It is understood offers in excess of £4bn are likely to [...]
Retail and food magnate behind Selfridges and Primark dies aged 80 April 13, 2021 W. Galen Weston, the retail and food businessman behind Selfridges Group, Fortnum & Mason and Primark, has died aged 80. Weston passed away peacefully yesterday after a long illness, his family announced today. “My father’s greatest gift was inspiring those around him to achieve more than they thought possible,” said his son Galen G. Weston, [...]
Asos buys Arcadia’s Topshop and Miss Selfridge in £330m deal, leaving thousands jobless February 1, 2021 Arcadia’s Topshop, Topman, Miss Selfridge and HIIT brands have been sold to online retailer Asos in a £330m deal. Arcadia’s administrator Deloitte this morning confirmed Asos would buy the brands for £295m, and would also take on certain liabilities for forward committed stock orders. Asos paid around £265m for the brands, some £30m for the [...]
Five London Fashion Week events normal people can attend February 16, 2024 Five London Fashion Week events normal people can attend
Selfridges to cut 450 jobs due to coronavirus pandemic July 28, 2020 Luxury department store Selfridges announced this morning it will make around 450 people redundant as the coronavirus crisis claims more UK high street jobs. The retailer said it will reduce its overall headcount by 14 per cent as sales this year are forecast to be “significantly less” than 2019. The retailer will focus on strengthening [...]
THG to acquire Biossance as it bulks up on beauty business December 5, 2023 E-commerce firm THG has today announced it has acquired prestige skincare brand Biossance for $20m as its builds out its beauty business.
Shein still keen to buy Topshop from Asos April 18, 2024 Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
M&S launches legal challenge after Gove blocks Oxford Street store revamp August 31, 2023 Marks and Spencer has launched a legal challenge against the government’s decision to reject the supermarket’s plan to revamp its Marble Arch store. The high street stalwart has accused Secretary of State for Levelling Up, Housing and Communities, Michael Gove, of unfairly applying planning policy to block the redesign of its flagship store. “We [...]
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]