Selfridges Group, the group which owns iconic department store chain Selfridges, Irish department store Brown Thomas and Canadian department store business Holt Renfrew, has completed its acquisition of Dutch luxury department store chain de Bijenkorf.
The Group, which is a subsidiary of Canadian retail investor Galen Weston’s Wittington Investments, bought the business for an undisclosed sum from Dutch retail group Maxeda. The deal was announced in November.
With the acquisition of de Bijenkorf, Selfridges Group’s turnover is now approaching £2bn. The 12-strong chain has stores across Holland, including Amsterdam, and a transactional website, which was launched in March 2009.
De Bijenkorf will continue to operate as a standalone business run by the management team in The Netherlands, reporting into Paul Kelly, managing director of Selfridges Group.
W. Galen Weston, chairman of Selfridges Group, said: “I am pleased to announce the acquisition of the de Bijenkorf business in Holland, one of the most important luxury goods companies in the Netherlands. This event will add great strength to our position in Europe. We look forward to working with them.”