LONDON – Britain may not be a part of the EU, but for certainly one of its best-known retailers, the European adventure is barely just starting.
Selfridges, purchased late last 12 months by Central Group and Signa Holding, isn’t getting a radical makeover anytime soon, nevertheless it’s about to profit from an overall 1 billion euros in planned investment.
That cash has been earmarked for Selfridges, and other high-end European department shops owned by Central and Signa, which for years have been snapping up properties in city centers and searching to set recent standards in luxury lifestyle retail.
Selfridges is the partners’ latest acquisition, and their plan is to make key tweaks to the business, but to not the general strategy, operations or...
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