Selfridges
This coverage explores Selfridges’ operations and strategy within the UK retail landscape, focusing on store developments, brand collaborations, product launches, sustainability initiatives, and leadership decisions. Reporting provides insight into how Selfridges maintains its position as a premium retail destination — supporting executives, managers, and professionals involved in luxury, department store, and experiential retail.
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Dec- 2024 -12 DecemberNews-In-Brief
Today’s news in brief-12/12/24
Central Group’s executive chair Tos Chirathivat admitted to overpaying in hindsight for Selfridges and other European luxury department stores as part of a £4bn deal in 2021. Chirathivat told the FT the price felt steep given rising global interest rates but noted the valuation may look more reasonable in a…
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12 DecemberDepartment Stores
Selfridges co-owner admits £4bn price was ‘too high’
Tos Chirathivat, the executive chair and CEO of Thai family conglomerate Central Group, said in a conversation with The Financial Times that it may have overpaid for its acquisition of Selfridges and other European luxury department stores as part of a £4bn deal in 2021. According to Chirathivat, whose group’s…
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Nov- 2024 -21 NovemberComment
Third spaces: The changing face of retail outlets
Nicky Lovell, Head of Outlets and Retail Business Development at Global Mutual, embodies the transformation of retail over the past few decades. From her beginnings as a buyer at Selfridges to leading a portfolio of outlet centres across the UK, Lovell has witnessed and influenced the evolution of shopping destinations,…
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6 NovemberFeatures
How to prepare your store for the holiday season
Act early and hire extra staff As mentioned earlier, the holiday season tends to attract more people to stores and this can sometimes make the store management overwhelmed especially if they are understaffed. Hiring additional staff for the festive period can significantly ease the holiday rush for retail businesses. With…
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1 NovemberNews-In-Brief
Today’s news in brief-1/11/24
Boohoo has appointed Debenhams CEO Dan Finley as its new chief executive, rejecting calls from Frasers Group owner Mike Ashley to assume the role. Finley, who has led Debenhams for two years and previously spent a decade at JD Sports, is praised by Boohoo’s board for his digital retail expertise…
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1 NovemberNews
Selfridges’ owner sees losses hit £340m in FY24
Selfridges parent company Cambridge Retail Group has suffered losses of £340.3m during the period that ended 3 February 2024. However, filings at Companies House show that group sales increased 95% to £1.5bn, compared to £804m the previous year. As well as Selfridges, Cambridge Retail Group includes Shel Holdings Europe in…
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Oct- 2024 -30 OctoberComment
How does a turnaround specialist help retailers improve their performance?
Erin Brookes’ journey into the world of retail consultancy is a testament to how passion, experience, and adaptability can shape a career in an ever-evolving industry. Now managing director and head of Retail at Alvarez & Marsal (A&M), Brookes’ career has spanned across operational and consulting roles, from working on…
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23 OctoberClothing & Shoes
Represent to open first UK store in Manchester
Fashion brand Represent is set to open the doors of its first ever UK store in Manchester on 26 October. Following a period of mass growth, the luxury menswear brand is now on track to deliver £100m in turnover by the end of the year. Founded in Manchester in 2011…
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15 OctoberHealth & Beauty
Pure Seoul makes Midlands debut with new shop at Bullring and Grand Central
Beauty retailer Pure Seoul has made its Midlands debut with the opening of a new location at Bullring and Grand Central. The news comes as health and beauty transactions at the shopping destination have jumped 26% year-on-year. Located on Bullring’s middle level, the 800 sq ft K-Beauty store showcases one…
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14 OctoberNews-In-Brief
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the luxury fashion brand. Frasers, already owning 37% of Mulberry, raised its offer to 150p per share after a previous £83m bid was turned down. However, Mulberry’s majority shareholder, Challice, expressed…
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