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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Oct- 2024 -14 OctoberDepartment Stores
Selfridges’ property value falls by more than £600m
The value of Selfridges’ property portfolio plunged by more than £600m last year, according to The Sunday Times.The Times reported that accounts for the department store’s property assets showed its £3.1bn property portfolio had been marked down by £638.6m by valuers, a fall of 20.6%. It also reported that over…
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8 OctoberDepartment Stores
Saudi Arabia acquires 40% stake in Selfridges
Saudi Arabia’s Public Investment Fund has acquired a 40% stake in Selfridges after purchasing the shares previously held by collapsed Austrian firm Signa. Following the acquisition, Central Group will own a 60% stake in the department store, while PIF will hold 40% of both Selfridges Group’s operating and property companies. The…
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Sep- 2024 -17 SeptemberGovernment
Sadiq Khan unveils plans to pedestrianise Oxford Street
The mayor of London, Sadiq Khan has again set out proposals to transform Oxford Street, including turning the road into a traffic-free pedestrianised avenue, in a bid to make it the “leading retail destination in the world.” The mayor has previously tried to implement major changes to Oxford Street, but…
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2 SeptemberNews
Today’s news in brief-2/9/24
John Lewis Partnership (JLP) has refuted recent claims of additional job cuts and management restructuring. Earlier, reports suggested management team overhauls across 34 stores could lead to more job losses beyond the 153 roles already announced last month. JLP clarified that these changes aim to enhance operational flexibility and customer…
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2 SeptemberDepartment Stores
M&S urges Angela Rayner to approve Marble Arch shop revamp plans
M&S has urged Deputy PM Angela Rayner to give the go ahead to controversial plans for the demolition of its Marble Arch flagship store. According to This is Money, Rayner is currently reviewing the plans which were previously blocked by the Conservatives. M&S wants to demolish its Marble Arch site,…
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Jul- 2024 -30 JulyNews
Today’s news in brief-30/7/24
Andrew Keith, CEO of Selfridges, has announced his departure to pursue new ventures, marking the end of his tenure characterised by navigating challenges including the pandemic and ownership changes. André Maeder will succeed him as CEO of Selfridges Group in the UK, focusing on innovation and customer experience amid potential…
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30 JulyDepartment Stores
Selfridges CEO to step down after four years at company
Andrew Keith has announced he is stepping down from his role as CEO of Selfridges in the UK in order to “pursue new ventures”. Selfridges Group CEO André Maeder, who joined the company in May, is set to take over his responsibilities in the UK after Keith leaves the company this…
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23 JulyNews
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over 300 jobs were saved, more than 1,500 employees face redundancy due to the challenging retail climate and recent cyber attack woes. Ikea plans to open 100 additional click-and-collect points at…
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23 JulyPeople Moves
Literacy Capital appoints new Ashleigh and Burwood CEO
Literacy Capital has announced the appointment of Penny Grivea as the new CEO of its consumer home fragrance brand Ashleigh and Burwood, which has a 30-year heritage. Grivea brings 25 years of consumer and retail experience to the brand, having previously worked for Selfridges, Harrods and Georg Jensen. For the…
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22 JulyNews
Today’s news in brief
Saudi Arabia’s Public Investment Fund (PIF) is looking to significantly increase its stake in Selfridges. Currently holding 10%, PIF has offered $1.3m (£1m) to acquire an additional 40% from Signa’s flagship property unit, following Signa’s insolvency earlier this year. This move positions PIF against other potential suitors like Thailand’s Central…
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