More than a year into a pandemic that has dramatically changed consumer habits, one of the most prized retail assets in the UK is potentially coming up for sale, testing the appetite for physical outlets in an era of online shopping.

Selfridges & Co, the luxury emporium best known for its giant department store on London’s Oxford Street, may be on the block with a £4 billion ($7.36 billion) price tag following an unsolicited approach, according to people familiar with the discussion. The current owner, Canada’s Weston family, has hired Credit Suisse to advise on the overture from an unidentified buyer, said the people.

Bloomberg