16 June 2021
The Weekly

Selfridges Group received an unsolicited offer of more than £4bn for its U.K. and Irish businesses, and has signed on Credit Suisse to evaluate offers. It is understood that Selfridges often fields offers from third parties, and is under obligation to shareholders to consider them. Although Selfridges has been hit by COVID-19 lockdown and social-distancing measures it remains a trend-setting retailer in the world, and a destination store, setting a host of collaborations and new concepts. In the past six weeks alone, since retail was allowed to reopen after the third national lockdown here, Selfridges has opened pop-ups and new spaces for Christopher Kane, Dior, Yasmin Sewell’s new Vyrao fragrance brand and Untapped Creatives, a new platform for British, Black-owned fashion, beauty and homeware businesses.