Toy market news

Selfridges in talks about potential sale

Selfridges’ owners are said to be in talks with Qatar about a potential £4bn sale that would be a defining moment for the business.

According to This is Money, sources claim the Qataris are not in exclusive talks and it is possible a rival bidder for Selfridges may yet be successful.

However, if the deal comes to fruition, it would see the Middle Eastern state take ownership of a second major London department store, after Qatar acquired Harrods in 2010 through its sovereign wealth fund, the Qatar Investment Authority (QIA).