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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Jul- 2024 -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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22 JulyDepartment Stores
Saudi wealth fund looks to up Selfridges stake to 50%
Saudi Arabia’s Public Investment Fund has reportedly made an offer to raise its stake in Selfridges from 10% to 50%, according to documents seen by Bloomberg News.The move comes after the department store’s co-owner Signa fell into insolvency earlier this year. The PIF currently owns a 10% share in the…
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May- 2024 -9 MayNews
Today’s news in brief-9/5/24
Frasers Group is reportedly finalising a deal to become the new partner of struggling retailer Ted Baker following the collapse of its previous UK licensing partner, No Ordinary Designer Label (NODL). Sources indicate an agreement with NODL’s administrators could be reached in the coming days. This move would add Ted…
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9 MayLuxury Goods
Selfridges boss blames job cuts on loss of tax-free shopping
Selfridges is reportedly set to cut 70 jobs with CEO Andrew Keith blaming the loss of tax-free shopping, according to reports from The Times. Keith claimed that the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists. Selfridges Retail saw a 29% increase…
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7 MayNews
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales dropped by 2.8% over the three months to April compared to a growth of 1.2% in 2023. Food sales saw a 4.4% increase over the same period, although this is…
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7 MayDepartment Stores
Tala to debut first physical partnership with Selfridges
Athleisure brand Tala will be debuting its physical all-store partnership with Selfridges from 10 May. The brand will be available to purchase across all four Selfridges stores, including Selfridges Oxford Street, a branded shop in Manchester Trafford, Manchester Exchange Square and Birmingham. According to Tala, launching in Selfridges allows the…
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Apr- 2024 -22 AprilNews
Today’s news in brief-22/4/24
Investors from the Middle East and China are eyeing Selfridges following Signa’s financial struggles, leading to restructuring and insolvency. Central Group, a co-owner, is seeking to buy out Signa’s stake, with potential partnerships being explored with sovereign wealth funds and tycoons. Notable entities like Saudi Arabia’s Public Investment Fund and…
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22 AprilDepartment Stores
Middle East and Chinese investors eye up Selfridges
Investors from the Middle East and China are reportedly eyeing up Selfridges amid the financial troubles of its Austrian co-owner Signa, according to The Times. Thai conglomerate Central Group, a fellow co-owner, wants to buy out Signa’s remaining stake in the department store chain with another partner. Central group is…
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