Selfridges sold to Thai and Austrian buyers for about $7.86 billion
The price tag is understood to be slightly less than the sum sought by the Weston family.
AdvertisementAdvertise with NZME.
Latest fromRetail Trade
Retailers hope post-Christmas shoppers make up for slow start
Customers are still nervous about going to the shops with Covid in the community.
The supermarket closing on Boxing Day to give staff a break
Owner Tim Wilson his staff deserve an extra day off after a 'really challenging year'.
SME sales climb back up for the second month in a row - Xero survey
SME sales up after country exited lockdown, Xero survey finds.
New public awareness campaign reminds Kiwis to 'shop nice'
The Retail NZ CEO says a line in the sand needs to be drawn against undue abuse.
Kiwis love the 'thrill' of last minute Christmas shopping
Late flurry of bargain hunting forecast but shoppers warned to expect low stock issues.
McDonald's claws back US$105m from disgraced former chief Steve Easterbrook
Settlement follows scandal over relationships with subordinates.
Household grocery spending falls as more people start to dine out
Household grocery spending falls as more people start to dine out.
Aucklanders flocked to hairdressers, bars and cafés - data
Kiwis spent $70 million per day in the last week since Covid restrictions eased.
'Challenging': Mixed bag for HB businesses on first day using vaccine passes
Businesses have reported mixed responses to the use of vaccine passes.
Three-strikes: Govt can't rule out reviewing worst crims' jail terms
Warning ministers will have 'blood on their hands' if a freed criminal kills.
Black Friday sales shoot up to record levels despite Covid-19
Kiwis spend about $250 million on Black Friday this year.
Countdown shelves left bare due to strike action
Supermarket warns that it could take a few days to restock shelves.
Red-dy set go: Auckland businesses gearing up
Excitement and nerves as bars, restaurants, cafes and gyms prepare for customers.
Christopher Niesche: The only real winners in the Black Friday splurge
The Black Friday hype has a few pitfalls, writes Christopher Niesche.
British 'athleisure' giant to open more shops in NZ
2nd store announcement in New Year "then we will look to open another eight stores" - CEO.
Online sales help The Warehouse as directors' fees increase
Pool of money for directors almost $1m a year at the retailer.
Small business sector bounces back in October
Kiwi small business sector bounces back in October, survey reveals.
'Mass-consumerism makes an unfair world' says Trade Aid boss
$270 million in estimated turnover expected on tomorrow's Black Friday sales.
Need a wetsuit? Kathmandu warns of short supply due to supply chain
But Kathmandu says it is well prepared for Black Friday and Christmas trading periods.
Lockdown retail slump not as bad as feared
Locked-down Auckland led the slump in retail sales through the September quarter.
Retail NZ estimates $270m Black Friday spend-up
Retail NZ estimates a $270m turnover on Black Friday.
Kiwi Property's interim profit up 164%, tenants get $7.4m rent relief
Construction of Sylvia Park build to rent begun, 25-level LynnMall tower planned.
One in four commercial property lessees behind in rent
Rent collected by Auckland landlords on its due date slumped to 70 per cent in October.
Van Cleef & Arpels opening first New Zealand store
Louis Vuitton, Gucci, Dior, Prada, Bvlgari and now Van Cleef to trade from same area.
My Food Bag boosts profit, pays first dividend
The meal kit company also had an increase in active customer numbers.
Consumer credit card spending rises but is still below pre-Delta level, Kiwibank reports
Consumer credit card spending rises but is still below pre-Delta level, Kiwibank reports.
Businesses want 'assurance' on a firm opening date
Business groups express concerns about not having a firm reopening date.
Investore's net profit falls on valuation changes
Investore to spend $14m on a Bunnings car park, after a seismic report last year.
Napier Port net profit hits record $23.2m despite Covid disruption
Revenue rose to $109.5 million.
Warehouse confirms vax mandate as sales tumble in first quarter
Online sales the bright spot for The Warehouse.
Customers flood Auckland shops on the first day of reopening
Retailers in Auckland busier than expected.
SMEs concerned about supply chain disruptions right before Christmas
SME concerned about supply chain disruptions leading into Christmas rush.
Maggie Hewitt: NZ needs to remember what we've lost
OPINION: Founder of Maggie Marilyn writes this is not the time for Kiwis to cower.