Selfridges' boss leaves following £4bn takeover

Published: 19-Aug-2022

The British luxury department store chain is now owned by Thai and Austrian companies Central Group and Signa Holding

Selfridges' boss Anne Pitcher will leave the luxury retailer at the end of the year following the completion of the sale to Central Group and Signa Holding.

Pitcher, who has served as Managing Director since 2019, will be replaced by Stefano Della Valle, CEP of Central and Signa’s department store group in Europe.

The sale of the British department store chain from the Canadian billionaire Weston family to the Thai and Austrian companies was first announced last year.

Selfridges will now join a portfolio of 22 luxury department stores across Europe and two new stores in Germany and Austria.

“We are long-term investors with a well-established partnership and shared vision to reshape and reinvent the luxury retail industry," said Tos Chirathivat, Executive Chairman and CEO of Central and Dieter Berninghaus, Chairman of the Executive Board of Signa in a joint statement.

"We are committed to create the world's leading luxury omnichannel platform for all our customers through both online and offline channels.

"We are excited to meet and work with our new colleagues, as well as brand partners to achieve this vision.”

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