Auction for Selfridges to get underway

Selfridges may have a new owner by the end of the year after a formal auction process was initiated.

The group’s owner the Weston family has instructed Credit Suisse to distribute information memoranda to potential buyers, with bids expected to start at £4bn, according to The Times.

The process follows an unsolicited approach to buy Selfridges, which emerged last month.

Selfridges’ property assets alone are worth £2 billion, and pre-pandemic profitability had increased strongly over the previous decade.

Selfridges Oxford Street East Corner


And receive a glossy copy of our magazine straight to your door

Subscribe to our newsletter

Receive weekly industry news straight to your inbox.

I agree with the Terms and Conditions and the Privacy Policy detailed at the bottom of this website.