Luxury: the Weston give in department stores for nearly 5 billion euros
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The Weston family had bought the brand in 2003 for 598 million pounds.It also holds a majority of the capital of the British group Associated British Foods, the parent company in low -cost clothing stores Primark.The president of Selfridges Group, Alannah Weston, said she was "proud to pass the relay to new owners who are family businesses with a long -term vision".She trusts them to lead our "incredible team further and further".
Selfridges, founded in the United Kingdom at the beginning of the 20th century by the American Harry Gordon Selfridge, had recently suffered as most British businesses from a disaffection of stores by customers more and more seduced by online purchases.This trend accelerated with the COVVI-19 pandemic, which led him last July to announce the abolition of 450 jobs, 14% of its workforce.
Selfridges also recently launched a second-hand clothing or ready-to-wear service service, to give itself a more "environmental" image, and more recently gardening spaces in its stores.Its competitor John Lewis also wants to develop the second hand, knowing that the image of the world of fashion and luxury is suffering more and more of its very harmful impact on the environment.
"Together, we will work with the greatest architects in the world to reimagine with sensitivity the stores of each site, by transforming these emblematic destinations into sustainable spaces, energy efficient and modern, while remaining faithful to their architectural and cultural heritage", Adeclared Dieter Berninghaus, President of the Executive Council of Sign.
"As a family, central and sign company will endeavor to offer exceptional and inclusive experiences in store and online, both for local residents and for foreign visitors," said TOS Chirathivat, CEO of Central.Central belongs to the Chirathivat family, whose fortune amounts to $ 11.6 billion according to Forbes, and includes many shopping centers, electronics stores and supermarkets throughout the kingdom, and in Asia.
Galen Weston, father of Alannah Weston, died this year at the age of 80, was at the head of a fortune evaluated in 2020 by Forbes at some $ 7 billion.In recent years, the group has developed considerably in Europe where it already has in partnership with Sign, luxury stores in Italy, Germany, Switzerland and Denmark.
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