Selfridges bid approach brings price tag in excess of £4bn

Selfridges could be valued at more than £4bn

Selfridges, one of the world’s most famous department stores, may be sold for £4bn or more.

The retailer, whose Oxford Street flagship is one of retail’s most iconic businesses, is considering buyer interest after receiving an unsolicited approach.

Selfridges, owned by the Weston retail dynasty that also controls Primark, has brought Credit Suisse on board to advise, according to property news service React, which broke the sale story. The bid interest is likely to draw out other would-be buyers.

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