Frasers pulls out of deal to buy Germany’s SportScheck

[ad_1] “While Frasers is disappointed by the insolvency of SportScheck, it continues to believe that SportScheck is an attractive asset in one of Europe’s most important markets for sports and…

Sabya’s 100-year Strategy to create a Legacy brand: BT Magazine Interview with ace designer Sabyasachi Mukherjee

[ad_1] Sabyasachi stores in India, Dubai With the opening of the Mumbai flagship store, the total number of Sabyasachi stores in India stands at four, the others being in Kolkata…

Thai group takes control of Selfridges as partner wobbles

[ad_1] (FILES) A man walks past a sign for the Central Chidlom shopping mall, part of Thailand’s Central Group, in Bangkok on December 2, 2021. – Thailand’s Central Group has…

Selfridges Thai Co-Owner Takes Control as Signa Struggles

[ad_1] Thai conglomerate Central Group said it’s taken control of the company that runs London’s landmark Selfridges department store after the financial woes of its Austrian partner Signa deepened. The…

Thai firm Central increases Selfridges stake amid co-owner’s financial crisis

[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Thailand’s Central…

‘The death knell’: how tycoon behind Chrysler Building and Selfridges was forced out

[ad_1] For months, rumours around the financial health of Austrian property giant Signa had been swirling. So its founder René Benko did one of the things he did best: he…

Selfridges faces potential sale as co-owner Signa Group plunges into financial crisis

[ad_1] Selfridges is facing a potential sale after its co-owner Signa Group revealed it is currently in a financial crisis. The Austrian real estate company has brought on…

Selfridges co-owner Signa faces financial crisis

[ad_1] Selfridges could be put up for sale as co-owner Signa Group faces a cash crunch. Signa, which jointly bought Selfridges with Thai conglomerate Central Group for £4bn last year,…

Selfridges posts £40m loss despite sales boost as finance costs weigh

[ad_1] Selfridges lost almost £40m last year despite a rebound in sales, after a surge in debt interest costs.  Sales at the luxury department store’s main retail business jumped almost…

Selfridges to cut jobs in battle to reduce costs

[ad_1] Selfridges is to launch a consultation with staff over job cuts as it battles with a mounting debt pile.  The luxury department store told staff at its head office that…