After rumours very first surfaced of a prospective sale of UK based Selfridges around 6 months ago, it has now been verified that the group has been offered for a hefty as well as considerable sum. Thai retail group central group as well as Austrian residential or commercial property business Signa Holding have join-acquired the group for an estimated £4 billion.
Founded in 1908, Selfridges has been a long-standing addition to London’s famous Oxford street buying destination, with millions of tourists as well as locals visiting the store on a yearly basis.
The offer itself will include all four Selfridges stores found in London, Birmingham, Manchester exchange Square & Manchester Trafford, in addition to Arnotts in Ireland as well as the Netherlands-based De Bijenkorf store group. residential or commercial property assets are likewise included within the deal, meaning the new owners will have the flexibility to change as well as broaden on existing locations. keeping that said, there are already rumours that the new owners plan to develop a high-end hotel next to the London store.
As many sneakerheads know, London’s Selfridges plays hold to top sneaker retailer Offspring, so only time will tell whether or not this latest offer will see enhancements to the Streetwear Hub. In other news, an adidas x Gucci partnership might be on the way.
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