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Selfridges is exploring a sale, and advisers at Credit Suisse have sent out an information memorandum to potential investors, according to industry sources. The Times of London reported the news ...
The brand could be yours for a cool £4bn.
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.
Selfridges Group was a holding company of European department stores.At the time of its acquisition by the Central Group and Signa Holding in 2022, it owned the full-line stores Arnotts and Brown Thomas in Ireland, De Bijenkorf in the Netherlands, and Selfridges in the United Kingdom.
Selfridges, also known as Selfridges & Co., is a chain of upmarket department stores in the United Kingdom that is operated by Selfridges Retail Limited. [1] It was founded by Harry Gordon Selfridge in 1908. [ 1 ]
It comes after Austrian real estate conglomerate Signa, which had co-owned Selfridges with Central, collapsed into insolvency last year. Selfridges was founded in 1908 (James Manning/PA)
Harry Gordon Selfridge, Sr. (11 January 1858 – 8 May 1947) [1] [3] was an American retail magnate who founded the London-based department store Selfridges. The early years of his leadership of Selfridges led to his becoming one of the most respected and wealthy retail magnates in the United Kingdom. He was known as the 'Earl of Oxford Street ...