Department Stores
The latest news, updates and analysis on the department stores segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jan- 2022 -4 January
New Selfridges owners unveil hotel plans for flagship store
The new owners of Selfridges, The Central Group, reportedly plan to open a new luxury hotel and serviced apartments as…
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Dec- 2021 -13 December
Frasers Group launches £70m share buyback
Frasers Group has announced that it intends to launch a new share buyback scheme for a purchase price “no greater”…
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8 December
JYSK welcomes ‘record’ FY21 profits in UK&I
Danish furniture and home furnishings brand JYSK has announced record results in the UK Ireland during the financial year 2020/2021,…
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8 December
Fortnum and Mason appoints new chief operating and innovation officer
Fortnum and Mason has appointed Iain Robertson to the newly created role of chief operating and innovation officer. Robertson will…
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7 December
Harrods strike averted after pay rise victory
Planned strike action at Harrods has been averted after the luxury department chain offered its restaurant staff a pay rise…
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7 December
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers…
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2 December
Thai group closes in on £4bn deal to buy Selfridges
The Weston Family are close to agreeing a deal with Thailand’s Central Group over the £4bn sale of Selfridges. According…
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Nov- 2021 -22 November
US equity firm Apollo examines potential M&S buyout
US private equity firm Apollo has reportedly been considering a buyout of Marks and Spencer, after initially considering it to…
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18 November
House of Fraser to close its Oxford Street store
Mike Ashley’s Frasers Group has confirmed that its flagship store on London’s Oxford Street is to close permanently. The retailer…
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15 November
Thai company eyes Selfridges buyout
Central Group, a Thai-based company which owns Rinascente, the Italian department store, is reportedly considering entering a multi-billion pound takeover…
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