The Selfridges portfolio will be integrated with Central and Signa's combined existing portfolio of 22 luxury department stores and the two new stores that will open soon in Dusseldorf and Vienna.
Central and Signa will run Selfridges Group’s portfolio, which comprises 18 department stores, including Selfridges in London, Manchester and Birmingham, de Bijenkorf in Netherlands, and Brown Thomas and Arnotts in Ireland.
It means the group is now part of a conglomerate that includes Central’s Rinascente in Italy and Illum in Denmark, as well as the Central-Signa jointly owned KaDeWe, Oberpollinger, and Alsterhaus in Germany, and Globus in Switzerland.
Stefano Della Valle, chief executive of Central and Signa’s luxury department store group in Europe, will lead Selfridges Group under his expanded role.
