Selfridges: Westminster council approves in-store members club, but bans music Retail Department store Selfridges has won approval for an in-store private members club and dining room from Westminster council. At a planning meeting on Tuesday night, Westminster councillors unanimously approved the proposed changes to the fourth floor of the iconic Oxford Street department store. The proposal, which was approved with the condition that no music – [...]
Selfridges stocking rare vintage Formula 1 clothing this week Sport Business Oxford Street stalwart Selfridges will stock rare, vintage Formula 1 clothing for a fortnight to celebrate 75 years of the motor racing series. F1 75 Years in Motion opens today and runs through until 6 July, and will sell garments stemming from some of Formula 1’s most recognisable moments. Within the collection are 1980s Benetton [...]
Selfridges sinks further into the red as sales at luxury department store falter Retail Luxury department store chain Selfridges has lost more than £400m since it last made a pre-tax profit, it has been revealed. The business, which has UK stores in London, Birmingham and two in Manchester, passed the milestone after falling to a £41.9m loss in the year to 3 February, 2024. It comes after Selfridges previously [...]
Selfridges: Saudi Arabia’s PIF invests in department store group October 8, 2024 Saudi Arabia’s Public Investment Fund (PIF) is now a joint owner of the business behind upmarket department store chain, Selfridges, it has been confirmed. Thai investor Central Group has announced a deal which will see it own 60 per cent of the group’s operating and property companies, with the PIF owning the rest. Central Group [...]
Wedgwood owner slumps to loss despite strong Harrods and Selfridges sales October 7, 2024 The owner of historic fine china and porcelain brand Wedgwood has slumped into the red despite strong sales through Harrods and Selfridges. Fiskars UK, which is based in Stoke-on-Trent, is also behind the Waterford, Royal Doulton and Royal Albert brands. Newly-filed accounts with Companies House have revealed that the business fell to a pre-tax loss [...]
Is the party for fashion rental over? September 19, 2024 Fashion rental was once touted as the industry's next big thing, but has the lustre faded, asks Anna Moloney.
The brothers brewing a Dirtea ‘shroom boom’ in the City August 21, 2024 When burnout hit, Andrew and Simon Salter didn’t rest up. They set out to change the City's views on wellness with their mushroom business; Dirtea.
Selfridges’ new chief faces an uphill battle August 13, 2024 Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Selfridges chief quits in surprise move for struggling retailer July 30, 2024 The chief executive of Selfridges has unexpectedly quit, having been in the job since the start of the pandemic. Andrew Keith, who joined in 2020, will leave the company that owns the famous flagship London store to pursue new ventures in Autumn this year. He has been operational as CEO for three-and-a-half years, having been [...]
Saudi Arabia’s PIF seeks to up Selfridges stake to 50 per cent July 21, 2024 Saudi Arabia's Public Investment Fund has made a bid to up its stake in Selfridges to 50 per cent for a cash price of £1m.