RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Subscribe
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • Online advertising
    • Print advertising
    • Event partnerships
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • Online advertising
    • Print advertising
    • Event partnerships
thumb
Written by Stefan Van Rompaey
In this article
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Selfridges and Bijenkorf have new owners

iconGeneral24 December, 2021

The deal is done: the British Selfridges Group has been acquired by a consortium comprising Thailand’s Central Group and Austria’s Signa Holding. This creates a major European department store group, with several iconic properties in the Benelux, Germany, Italy and elsewhere.

 

Strong European group

The Weston family, now-former owners of Selfridges, have been wanting to sell the department store group – also including the Dutch group De Bijenkorf – since this summer: the death of the passionate businessman Galen Weston was said to have prompted the decision. The reported asking price was 4 billion pound (4.7 billion euros).

 

Now the new owners have been announced: a consortium of two well-known investors in the department store sector. The Thai Central Group, which also owns luxury department stores such as Rinascente, KaDeWe and Illum in Europe, has joined forces with Signa Holding, the investment fund of Austrian businessman René Benko, which owns the German department store chain Galeria Karstadt Kaufhof (including Belgian INNO).

 

Both investors also took over Swiss department store chain Globus last year, creating a large and strong European department store group. The aim is to raise the group’s pro forma annual sales to more than 7 billion euros in 2024, according to the press release. The new owners want to develop an integrated and attractive omnichannel offering, with exclusive and leading online shops as an extension of the physical stores. 

Stay up-to-date

Receive our free newsletters and do not miss out on the latest retail news.

Subscribe
logo

The deal is done: the British Selfridges Group has been acquired by a consortium comprising Thailand’s Central Group and Austria’s Signa Holding. This creates a major European department store group, with several iconic properties in the Benelux, Germany, Italy and elsewhere.   Strong European group The Weston family, now-former owners of Selfridges, have been wanting to sell the department store group – also including the Dutch group De Bijenkorf – since this summer: the death of the passionate businessman Galen Weston was said to have prompted the decision. The reported asking price was 4 billion pound (4.7 billion euros).   Now the...

More on General
See more
  • iconGeneral12 August, 2022
    Judge: “Not clear that hitting order button means you have to pay”

    Isn't an order button enough to make it clear to customers that they have to pay? A judge in Amsterdam rules that it is not, in a dispute between Bol.com and a customer. The ruling is remarkable news for many web shops.

  • iconGeneral5 August, 2022
    Alibaba focuses on food as sales stall

    Due to the continuing pandemic measures in China, Alibaba's turnover remained flat last quarter. It is the first time ever that the e-commerce giant did not grow, but still the results are a lot better than expected.

  • iconGeneral5 August, 2022
    “No IPO for bol.com (yet)”

    There will be no IPO for bol.com this year after all: parent company Ahold Delhaize appears to have no desire to take its golden boy public in the current economic climate.

Events
  • 14
    Sep
    Captains of Retail 2022
  • 22
    Sep
    RetailDetail Day 2022
  • 13
    Oct
    Human Resources & People Congress
  • 20
    Oct
    Trade & Shopper Marketing Congress
  • 24
    Nov
    RetailDetail Night 2022
Most read
  • iconFood10 August, 2022
    Ahold Delhaize to buy US competitor Albertsons?
  • iconFashion18 July, 2022
    In pictures: Nike launches two new store concepts
  • iconGeneral28 July, 2022
    Amazon expands to Belgium, but shelves Amazon.be
  • iconFashion5 August, 2022
    China and Russia hold Adidas back
Follow RetailDetail
  • Facebook
  • Twitter
  • Instagram
  • linkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 
2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 
2000 Antwerp
How to reach us:
Directions
© 2022 RetailDetail
general conditions | privacy policy
+32 3 500 89 59 info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT