Net asset development of Selfridges Limited 2011-2023

As of July 2021, it was reported that the department store Selfridges Limited has been officially listed on sale at value of four billion British pounds for potential buyers. The high-end department store chain was founded in 1908, opening its first flagship store on Oxford Circus in London in the following year 1909. The department store primarily focuses on offerings such as luxury goods, fashion apparel and other general merchandise within the lifestyle segment and is had a net worth of 84.7 million British pounds, as of 2021.

Selfridges' net asset development over the years

The net assets of Selfridges reached their highest value of 432.7 million British pounds in 2019. This has steadily declined in the following years falling to 161.1 million pounds in 2023. The department store has had a history of being acquired by larger groups and investors in the past such as the department store John Lewis Partnership, Sears Group and latest the late investor Galen Weston in 2003.

How has coronavirus and international travel impacted Selfridges?

Throughout the years, Selfridges’ development has been interspersed with termination of appointments of past executives. However, revenues have remained strong, and the department store generated a revenue of 852.9 million British pounds in the financial year 2020. However, when the COVID-19 outbreak reached Britain, national lockdowns and lack of international travel impacted the four domestic department stores owned by Selfridges Retail Limited, with revenues falling considerably. 2021 showed signs of recovery, but revenues were still a way of their 2019 peak.