But according to sources, its parent company Central Group is still very much working on a deal to acquire the department store chain.
, its parent company Central Group is still very much working on a deal to acquire the department store chain and put it in Central Group owner’s private collection.
On Thursday, The Times of London reported that the Weston family had agreed a sale of Selfridges to Central Group. The article was unclear about whether Central was prepared to pay the 4 billion pound asking price, or whether it was partnering with another party — a private equity, or property group — on the deal.
An industry source here told WWD that 4 billion pounds would be a hefty price for Central, which usually pursues much smaller deals.
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