​Selfridges Retail Limited has filed its full accounts for the year to the end of January 2021 and they show the devastation that the pandemic wreaked in what should have been another good year for the company.

​Harvey Nichols saw its sales plummeting in the year to the end of March with a drop to £121 million from a pre-pandemic £222 million.

​It’s official — Thailand’s Central and Austria’s Signa are buying Selfridges Group from the Weston family. The transaction “will create one of the world’s leading omnichannel luxury department store groups”.

The US beauty group has promoted Umair Ansari to the post of VP and managing director of its European travel retail division, adding Europe to the Middle East and Africa regions he has been overseeing since 2019.

​Luxury London store Fortnum & Mason has named Iain Robertson to the newly created role of chief operating and innovation officer. He joins in February. 

​Sweden is to host Scandinavia’s largest designer outlet village with the project’s first phase set to open in summer 2025 while phase two will follow in autumn 2027.

​Thailand's Central Group is interested in bidding for Selfridges, a report said Thursday. Interestingly, it also owns La Rinascente, the Italian retailer of which ex-Selfridges CEO Vittorio Radice is Vice-Chairman.

​Luxury department store Harrods has filed its accounts for the year to the end of January 2021 and they show just how big an impact closed borders and lockdowns had on its business.

Ever since it opened during last month fashionistas, fans and tourists have chorused that the retrospective Thierry Mugler: Couturissime inside the Musée des Arts Décoratifs in Paris is essential viewing.

Dior went into full court press in the first 48 hours of Paris Fashion Week – unveiling its new Cheval Blanc spa, feting its Dior Home and Kids creator Cordelia de Castellane, and unveiling a Miss Dior floral pop-up. 

​There were many warnings and they seem to be coming true. When the UK ended the tax-free shopping perk for tourists, it was feared international tourists would shun Britain. A new survey suggests they’re doing that.

​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.

Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.

The house of Karl Lagerfeld is to open a luxury villa estate named Karl Lagerfeld Villas Marbellas by end 2021 in a deal with Sierra Bianca Estates.

​Luxury group Mulberry said on Tuesday that its wholly owned French subsidiary is to end the lease of its store at 275 Rue Saint Honoré and exit the property early.