Selfridges news and archive

Selfridges co-owner Signa files for administration

Signa Group, the co-owner of British luxury chain Selfridges, has filed for insolvency after it fell victim to what it said was “severe economic pressure”. “Despite considerable efforts in recent weeks, the necessary liquidity for an out-of-court restructuring process could not be sufficiently secured, and so Signa Holding has now applied for...

Retail |In Pictures

Arket opens first-ever concession store in Selfridges and launches resale platform

Fashion and lifestyle brand Arket, part of the H&M Group, has opened its first-ever concession at Selfridges London. The new shop-in-shop joins its four other UK standalone stores in London, including Oxford Street, Regent Street, Westfield Stratford City and Covent Garden, and showcases the brand’s womenswear collection. Arket Selfridges is...

Retail |In Pictures

Spanx opens first apparel pop-up in the UK

US shapewear brand Spanx has opened its first apparel pop-up in the UK at Selfridges in London, building on successful retail activations in New York, Washington DC, and Miami. Located in Selfridges' Denim Studio on the third floor, the exclusive pop-up space showcases Spanx’s apparel and activewear for women, including leggings, jeans,...

Business

Selfridges co-owner Central Group takes control amid Signa crisis

Central Group, the co-owner of Selfridges, has stepped in to take full control of the luxury department store chain after its partner Signa Group continues to tackle an ongoing financial crisis. The Thai firm, owned by the billionaire Chirativat family, is understood to have gained control of the joint venture unit, which also operates the...

Fashion |Beauty

Pleasing brand unveils ‘world of fragrance’ at Selfridges

Beauty and lifestyle brand Pleasing, founded by singer and actor Harry Styles, has unveiled its debut fragrance collection at The Corner Shop at Selfridges on London’s Oxford Street. The launch marks the beauty brand’s debut fragrance offering as well as its first-ever global retail partnership, with Selfridges showcasing the scents with a space...

Business

Signa founder René Benko gives up power in the real estate group

Austrian property entrepreneur René Benko is stepping down from the management of the ailing Signa Group. As the company announced on Wednesday, the billionaire is stepping down as Chairman of the Advisory Board of Signa Holding. The German restructuring expert Arndt Geiwitz will take over the restructuring of the property and retail holding...

BusinessFeatured

Signa crisis: Frasers’ SportScheck takeover thrown into doubt, Central underlines commitment

Amid the ongoing reports of trouble at Austrian firm Signa Group, the potential impact of the company’s financial crisis is beginning to unfold in the wider business landscape. Signa, one of the co-owners of British department store Selfridges, is understood to be bringing in restructuring experts to help navigate the situation it has found...

Business

Selfridges co-owner Signa reportedly in financial turmoil

One of the new co-owners of British department store Selfridges is believed to be facing financial difficulties amid the exit of its chairman and founder René Benko. Austrian firm Signa Group, which bought Selfridges alongside Thailand-based Central Group in a four billion pound deal last year, is understood to be bringing in restructuring...

PeopleFeatured

Selfridges Group appoints KaDeWe Group chief executive as new CEO

André Maeder has been named as the new CEO of Selfridges Group following its acquisition last year. Maeder will take on the role from the spring after stepping down from his current position as chief executive and managing director of KaDeWe Group on November 1. KaDeWe Group is also owned by Selfridges Group’s parent company, Central Group....

Retail

Jacquemus eyes London store

French fashion label Jacquemus is reportedly looking to open its first standalone store in London, having commenced negotiations to secure a 6,360 square foot retail space at 33 New Bond Street. The property is currently owned and occupied by the art gallery Richard Green. First reported by Drapers, the store would mark the second standalone...

Business

Selfridges narrows losses as sales rise

Selfridges Retail Limited has reported narrowing losses in its most recent filings for the year ended January as shoppers flocked to physical stores. The company, which operates four stores in the UK as well as an online store, reported a 29 percent increase in revenue to 843.7 million pounds in the 12 months to January 28. It said the robust...

Fashion

Selfridges hosts Vogue World pop-up during LFW

As London Fashion Week kicks off, a Vogue World pop-up has made its debut on the ground floor of Selfridges. The pop-up offers a capsule collection featuring hoodies, sweatshirts, jerseys, bucket hats, caps, and coffee cups. These items were originally designed for the cast, crew, and creative directors involved in Vogue World: London dress...