Selfridges Is For Sale For £4B. But How Much Money Does A Good Department Store Make These Days?

Department stores are on the rocks; everyone knows that. And yet a department store company has just gone on the market for £4B. 
Selfridges is one of the most famous department stores in the world, its history the subject of a TV drama series, its huge store on Oxford Street in the heart of London a draw for millions of global shoppers in a normal year. It is owned by the billionaire Canadian Weston family, and following an unsolicited bid for the company, the owners have appointed Credit Suisse to advise on options including an outright sale, React News reported.
So what is…

Leave a Comment

Your email address will not be published. Required fields are marked *