More top stories
OXFORD Acquisitions, the bidding vehicle of Canadian businessman Galen Weston, said it has moved closer to completing its £598 million bid for department store Selfridges.
OXFORD Acquisitions, the bidding vehicle of Canadian businessman Guy Weston who has agreed a takeover of upmarket department chain Selfridges, has announced an extension to its offer to June 19.
IRANIAN property tycoon Robert Tchenguiz is preparing to renew hostilities in the battle for the Selfridges department stores chain only days after losing out to an agreed takeover offer from a Canadian billionaire, Galen Weston.
IRANIAN property tycoon Robert Tchenguiz’s battle to gain control of Selfridges, the department store chain, weakened yesterday as it emerged that one of his main backers, Bernie Ecclestone, has withdrawn his support.
GALEN Weston is reckoned to be the closest thing to royalty in his native Canada. Not bad for a commoner billionaire who lets it be known that he shares a life-long love of polo with Prince Charles and keeps not one, but two houses in Windsor.
SCOTTISH entrepreneur Tom Hunter’s West Coast Capital investment vehicle has sold off its 3 per cent-plus stake in department store Selfridges, making a profit of just over £8 million, it was confirmed last night. A spokesman for Hunter said that 4.56 million shares had been sold on Tuesday, raising a total of £18m at an average price per share of about £4.
UPMARKET department store Selfridges today said it was confident about its prospects after seeing sales rise by eight per cent in the 14 weeks since the start of February.
CANADIAN billionaire Galen Weston yesterday swooped to pick up Selfridges, one of the iconic names of retailing, with an agreed near-£600 million takeover bid - leaving rival bidder Scottish entrepreneur Tom Hunter disappointed again.
SCOTTISH entrepreneur Tom Hunter today saw a third retail takeover bid end in failure after target Selfridges was offered to a Canadian billionaire.
SELFRIDGES, the up-for-sale department store, might name a preferred bidder as soon as this morning after directors held an emergency board meeting to consider takeover offers last night.
TOM Hunter, the retail entrepreneur, was refusing to accept defeat in the battle for Selfridges this weekend despite market expectations that the Canadian billionaire Galen Weston will be named preferred bidder tomorrow.
THE deadline for bids for Selfridges, the upmarket department store, ends today and chief executive Peter Williams is believed to be eyeing a management buyout.
SCOTTISH retail entrepreneur Tom Hunter looks set to get a head start in the auction for the department stores group Selfridges when advisers at Merrill Lynch close the formal bidding process tomorrow.
TOM Hunter, the retail entrepreneur, is facing at least three challengers to his bid to buy department store group Selfridges.
THE race for Selfridges hotted up yesterday as it was revealed that Tom Hunter, the Ayrshire entrepreneur, had tabled an offer which is understood to value the upmarket department store group at up to £525 million, or 340p per share.
SCOTTISH entrepreneur Tom Hunter has lodged a bid in excess of £500 million for upmarket department store Selfridges, it has emerged.
TOM Hunter, the Scottish entrepreneur, has snapped up another retail chain as industry sources insist he is still considering a bid for Selfridges.
SHARES in Selfridges, the High Street giant understood to be facing a bid from Scottish entrepreneur Tom Hunter, rose 2 per cent, or 7p, to 334p yesterday, as investors reacted to speculation that Canadian billionaire Galen Weston had entered the takeover fray.