‘Why sell Selfridges when department stores are having such a hard time?’

Selfridges bag

Former Selfridges chief executive Peter Williams ruminates on the iconic department store’s potential sale and makes a special plea to its owner the Weston family.

Many people, including me, were surprised and even taken aback by the revelation in July that the Weston family were thinking of possibly offloading Selfridges because they are not known as sellers. 

The family still owns the majority of the businesses they have bought over many decades.

Why sell now, when department stores are having such a hard time trading, especially where they rely on overseas tourists? It seems an odd time to sell.

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