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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Dec- 2021 -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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4 November
Harrods reports £68m loss as restaurant staff to vote on strike action
Luxury department store Harrods has reported a loss of £68m for the 52-week period ending 30 January 2021. According to…
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Oct- 2021 -21 October
John Lewis opens 10 Christmas Emporiums
John Lewis has announced the opening of its festive Christmas Emporiums across 10 stores. The Emporiums will host in-store events…
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18 October
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of…
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8 October
John Lewis Partnership to open LGV Driver Academy
The John Lewis Partnership is set to open an LGV Driver Academy next month, in a bid to train drivers…
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