Central Group and Signa Holding acquire Selfridges Group
The Selfridges Group portfolio, which comprises 18 stores under 4 banners in 3 countries, namely Selfridges in England, Brown Thomas & Arnotts in Ireland and De Bijenkorf in the Netherlands, will be integrated into Central and Signa’s existing combined portfolio of 22 large luxury stores and 2 new stores will open soon in Düsseldorf and Vienna. Current holdings include Rinascente in Italy and Illum in Denmark, which are wholly owned by Central Group, and KaDeWe, Oberpollinger and Alsterhaus in Germany, and Globus in Switzerland, which are jointly owned by Central Group and Signa Holding. The integration will also include Selfridges Group’s unparalleled e-commerce platforms, which attract over 30 million online visitors per month and ship to over 130 countries worldwide.
Following the announcement in 2021, Central Group and Signa Holding completed the acquisition of Selfridges Group. The transaction created one of the world’s leading luxury department store groups, with operations in 8 countries across Europe and flagship stores in the most desirable city locations including Selfridges Oxford Street.
Stefano Della Valle, managing director of luxury department store group Central and Signa in Europe, will lead the Selfridges Group in his expanded role. Anne Pitcher, current Managing Director of The Selfridges Group, will remain as planned on the company’s management team until the end of the year to ensure a smooth integration into the newly formed group. Tos Chirathivat, executive chairman and chief executive of Central Group, and Dieter Berninghaus, chairman of the management board of Signa Holding will be the new co-chairmen of the group.
“We are long-term investors with a well-established partnership and a shared vision to reshape and reinvent the luxury retail industry. We are committed to creating the world’s first luxury omnichannel platform for all of our customers through online and offline channels. We are excited to meet and work with our new colleagues, as well as brand partners to realize this vision,” said Chirathivat and Berninghaus.
Fibre2Fashion (RR) Press Office