Department store portfolio was bought by René Benko’s Signa Group and Tiang Chirathivat’s Central Group for £4bn
The group that owns Selfridges, Brown Thomas and Arnotts among other upmarket department stores has recorded a £124 million loss since it was set up just over a year ago.
The published accounts include results from this date to the end of January for the retail operations of Selfridges in the UK, De Bijenkorf in the Netherlands, as well as Brown Thomas and Arnotts.Kielys’ ‘temple of opulence’ Ballsbridge apartment put up for sale at €1.
Separately, Cambridge Retail said a restructuring consultation at Selfridges in the UK would conclude this month. This is expected to lead to dozens of redundancies. A reorganisation is also taking place in De Bijenkorf, according to the accounts, but the process “remains in the very early stages”. The group, which employs more than 3,000 people, declined to comment on redundancy numbers.
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