Selfridges’ new owners Central Group and Signa are planning a redevelopment of underutilised space at the department store’s site in London’s Oxford Street.
The move will form part of several store transformations and new developments currently being undertaken by Central Group in multiple countries.
The group will also be working to establish Selfridges.com as the “ultimate global luxury online platform”.
Going forward, Central said it will push ahead with its luxury strategy by developing and expanding its collection of department stores in major tourist cities in partnership with luxury brands.
