Selfridges, owned by the very wealthy Weston family, is said to be on sale for a price equivalent to 4.66 billion euros. After a potential buyer approached the British department store group, several British media reported on the story.
British and Irish branch
The department store was founded in 1908 by Harry Gordon Selfridge and was acquired by the Weston family in 2003 for 598 million pounds (almost 700 million euros). The group now includes several luxury stores in the UK (Selfridges), Ireland (Brown Thomas, Arnotts) and the Netherlands (De Bijenkorf).
According to the Financial Times, the owner has hired Credit Suisse as an advisor after an unspecified party made an offer. The sales talks are said to focus on the British and Irish branches of the group.