Mystery Buyer Targets World Famous Selfridges For $5.6 Billion

A mystery buyer has offered to purchase the upscale Selfridges department stores for around $5.6 billion. The upscale chain has received an unsolicited approach for the flagship London store and a number of other department stores currently owned by the wealthy Weston family. The family has appointed Credit Suisse as adviser to consider what the next step forward for the company could be, with proceedings currently understood to be at an early stage and may not lead to a transaction. Read more at Forbes.