×
225
Fashion Jobs
SHISEIDO
Laura Mercier Account Manager - Arnotts, Dublin (Maternity Cover)
Permanent · Dublin 13
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
RALPH LAUREN
Assistant General Manager (Kildare)
Permanent · Kildare
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
jo Malone London - Business Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 24 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
Travel Retail - Estée Lauder - Beauty Advisor - Airport, Dublin Aerrianta - 24 Hours - Part-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Travel Retail - Estée Lauder - Beauty Advisor - Airport, Dublin Aerrianta - 18 Hours - Part-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Travel Retail - Estée Lauder - Beauty Advisor - Airport, Dublin Aerrianta - 36 Hours - Full-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Mac - Christmas Retail Artist - bt2 Dundrum - Various Hours - Seasonal
Fixed-term · Dublin
Published
Jul 26, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Selfridges is up for sale, offers over £4bn sought

Published
Jul 26, 2021

Selfridges is officially up for sale with a formal auction process set to start and an asking price of at least £4 billion. It hasn’t been announced by its owners, the billionaire Weston family, but a news report said advisers at Credit Suisse will be sending out documents to prospective buyers “imminently”.




Sources told The Times that two or three suitors had already shown an interest but the process hadn’t got as far as any formal bids.

The Selfridges business has 25 stores globally, although it’s best known for its Oxford Street, London flagship. As well as other eponymous stores in the UK, it owns further luxury-focused department stores such as Brown Thomas and Arnotts in Ireland, De Bijenkorf in the Netherlands and Holt Renfrew in Canada. 

The business has been buoyant in recent years, although the pandemic still dented it badly and the Selfridges chain made a number of redundancies last year.

The sale process comes after news in June that an unknown bidder had approached the owners, with some expressing surprise as the Weston family hadn’t been seen as likely to sell.

The Weston wealth is rooted in retail with the wider family also controlling businesses such as Fortnum & Mason, Primark and Heal’s.

The Westons have owned Selfridges since 2003 when they beat opposition to the prize for a purchase price of £598 million. The late W Galen Weston led the purchase and became chairman, a role currently held by his daughter Alannah. The Times said its sources believed W Galen Weston would have “fiercely opposed” a sale.

The identity of the original bidder remains a mystery and there has been speculation that interested parties would include sovereign wealth funds. It would be intriguing to think that the Qatar Investment Authority might make a play for the business. It already owns Harrods, the luxury department store in Knightsbridge, across town from the Selfridges West End flagship. It paid £1.5 billion for the business in 2010.

Hong Kong’s Lane Crawford has also been suggested as a possible buyer.

Copyright © 2021 FashionNetwork.com All rights reserved.