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Selfridges Group, along with KaDeWe Group, is owned by the Central Group from Thailand, which acquired it in 2021 jointly with Austria-based Signa Holding, which lost joint control in late 2023. Shareholders successfully ousted Signa Holding's founder, René Benko , who was pressured to relinquish his voting rights amid the financial turmoil. [ 2 ]
In 1976, year-end results showed a loss of $50 million for Loblaw, while parent George Weston Limited lost $14 million – the first recorded loss in the company's history. That same year, Loblaw sold three unprofitable divisions - Chicago, Syracuse, and California State – representing 280 stores or half of its remaining U.S. retail outlets.
In 1990, he joined Habitat International as buying director, when it was part of the Storehouse group, to set up a central purchasing operation. He was appointed managing director of Habitat UK in 1992, shortly before the company was sold to IKEA, and set about the transformation of an ailing business with losses of £7 million into a company twice the size and profits of over £12 million.
LONDON — W. Galen Weston, the Canadian retailer whose businesses spanned two continents, has died aged 80 after a long illness, his family said Tuesday. Weston sat at the helm of food, retail ...
Selfridges traces its roots back to 1908, when it was founded by Harry Gordon Selfridge. ... Saudi Arabia’s PIF is also the majority owner of Newcastle United Football Club, and also owns stakes ...
Selfridges Building, Birmingham. Selfridge stores are known for architectural innovation and excellence, and are tourist destinations in their own right. [37] The original London store was designed by Daniel Burnham, who also created the Marshall Field's main store in his home town of Chicago.
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In 2018, the Westons were named Ireland's richest family for the tenth year running, with a wealth of €11.42 billion. [8]In the Sunday Times Rich List 2020 ranking of the wealthiest people in the UK, "Guy Weston, Galen Weston Jr., George G. Weston and family" placed 8th in the list, with an estimated family fortune of £10.53 billion.