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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Nov- 2023 -15 NovemberDepartment Stores
Thai investor takes control of Selfridges
Central Group, the co-owner of Selfridges, has taken control of the department store after fellow key shareholder Signa Group was hit by a cash crisis. According to The Telegraph, the Thai conglomerate has now become its largest shareholder after converting a €364m (£317m) loan to Selfridges into equity. Earlier this…
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6 NovemberNews
Today’s news in brief-6/11/23
The future ownership of the iconic London department store, Selfridges, is reportedly in question as co-owner Signa grapples with a financial crisis. Restructuring experts have been enlisted to help Signa raise funds amidst rising borrowing costs and falling property valuations. The sale of Signa’s 50% stake in Selfridges is likely,…
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6 NovemberDepartment Stores
Selfridges ownership uncertain as co-owner faces cash crisis
The future ownership of Selfridges is said to be uncertain following reports that its co-owner Signa is facing a financial crisis, according to The Times. Restructuring experts have reportedly been called in to help the real estate company raise funds after it was hit by rising borrowing costs and falling…
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Oct- 2023 -18 OctoberClothing & Shoes
Kurt Geiger owner eyes £400m sale
The private equity backers of Kurt Geiger are reportedly considering a £400m sale of the brand. According to Sky News, Cinven, which has owned the footwear company since 2015, is now working with advisors at Bank of America on a prospective auction. Sources told Sky that a sale process was…
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11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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11 OctoberDepartment Stores
Selfridges losses narrow as consumers return to department stores
Selfridges has revealed that losses at the company have narrowed for the year ended 28 January 2023 to £38.3m, down from £83.9m the previous year, as consumers made more trips to the department stores. As a result, the company, which operates four stores in the UK and an online store,…
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Aug- 2023 -11 AugustHigh Street
Oxford Street crime wave driven by decline, says M&S chief
Sacha Berendji, operations director at M&S, has told the Telegraph that the recent surge in crime rates on London’s Oxford Street has been caused by its decline. In a letter written to the publication, Berendji stated that Oxford Street was once “the jewel in London’s shopping crown” but now consisted…
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Jul- 2023 -21 JulyClothing & Shoes
Marks and Spencer chief slams ‘pathetic’ Marble Arch rejection
The chief executive of Marks and Spencer has slammed the government’s decision to deny the demolition and redevelopment of its flagship store on Oxford Street as “pathetic”. The company planned to demolish the existing three buildings and construct a larger 2 basement and nine-storey mixed-use development containing a retail store,…
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20 JulyClothing & Shoes
Kim Kardashian’s Skims valued at $4bn in latest funding round
Kim Kardashian’s Skims brand has reportedly raised $270m in its latest funding round which values the business at $4bn (£3bn), according to the New York Times. The company, owned by Kardashian and business partner Jens Grede, launched four years ago and was last valued at $3.2bn (£2.7bn). The shapewear retailer…
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20 JulyEvents
FT Future of Retail: Delivering a more sustainable & seamless retail experience
The FT Future of Retail summit will return in 2023 with uniquely crafted panels, lightning talks and high-level keynote speakers to address the big challenges facing the retail sector. Taking place across one day and in a hybrid format, the event will gather some of the biggest names in the…
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