The family owners of Selfridges are kicking off an auction for the luxury department store, and have put a £4bn price tag on the business.
The Weston family, one of Canada’s richest families, first admitted that it might consider a sale of its European department store assets last month after an approach from a mystery buyer.
Read the full article on The Guardian website
NAM Implications:
- One of the few successes in a business model past sell-by…
- But even flagships can encounter ’perfect storms’…
- No shortage of potential buyers (see above)
- Any one of which could make an impact via a Selfridges’ outlet in the UK and Ireland.
- Watch this (scarce) space…
