Wednesday 21 February 2018

Selfridges to inject £300m into London flagship store

Billionaire Galen Weston, pictured with his wife Hilary, was to bid for Arnotts' debt
Billionaire Galen Weston, pictured with his wife Hilary, was to bid for Arnotts' debt
Colm Kelpie

Colm Kelpie

SELFRIDGES Group, which includes Brown Thomas, is to invest £300m (€370m) in its iconic Oxford Street flagship store, it was announced.

The investment will see the redevelopment of the building, which received in-principle planning permission in April.

Selfridges currently attracts more than 20 million international and domestic visitors annually to its Oxford Street store, and the redevelopment plans are intended to increase this by more than 10pc.

Group chairman Galen Weston said the aim was to provide leading luxury shopping experiences for customers around the world.

Selfridges Group includes luxury department chains Brown Thomas and Selfridges in Britain, as well as Holt Renfrew in Canada and de Bijenkorf in the Netherlands.

Irish Independent

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