The £4bn acquisition of Selfridges by Thailand’s Central Group is being reconsidered as potentially overpriced, due to rising global interest rates.Tos Chirathivat, Central Group’s CEO, admitted…
Browsing: luxury retail
Mytheresa, a luxury online retailer, reports a significant increase in losses despite higher sales figures.The company’s net sales rose by 7.6% year-over-year, reaching €201.7m in a…
Frasers Group has strategically rebranded Coggles’ only physical store into a Flannels outlet.Coggles’ flagship store in Alderley Edge was its sole brick-and-mortar location since 2017.The transformation…
Frasers Group has been actively expanding in luxury fashion through strategic acquisitions and developments.Backed by significant investments, Flannels has grown into a leading multi-brand premium retailer…
Coggles is set to continue as an online platform under Frasers Group’s ownership while Flannels assumes the physical storefront.Frasers Group acquired Coggles in June, focusing on…
Harrods has embarked on a transformative digital journey, relaunching its ecommerce platform to enhance user experiences.The renowned department store has partnered with Scayle to provide a…
Flannels has opened its innovative flagship store in Leeds, marking a significant expansion for the brand.The Leeds site is one of Flannels’ most ambitious projects, spanning…
Saudi Arabia’s Public Investment Fund (PIF) has partnered with Thailand’s Central Group in a significant acquisition of Selfridges Group.Central Group and PIF now hold majority stakes…
The Saudi Arabian Public Investment Fund has acquired a 40% stake in Selfridges, marking a new chapter for the iconic department store group.This acquisition follows the…
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Selfridges.The acquisition ends uncertainty following the collapse of Rene Benko’s Signa.Central Group retains a…