Iconic department store Selfridges plans to become the world’s largest accessories shopping destination with a 300 million pound renovation of its flagship store on Oxford Street.
Owner Galen Weston, who bought Selfridges in 2003 said in a recent press statement “In the last 10 years Selfridges has grown from strength to strength and this significant investment in the redevelopment of our Oxford Street store is part of our commitment across all our businesses to provide leading luxury shopping experiences for our customers around the world.”
The redevelopment project which will begin next month and continue over the next five years will include expanding the accessories department such as doubling is luxury handbag section, building a grand new entrance on Duke Street, and relocating their offices to the Nations House building adjacent to the store with plans to build a tunnel connecting the offices and the store.
The investment has been announced as being the largest amount to be used for a single project by any department store in the world. Selfridge’s flagship store currently reports over 20 million local and international visitors per year and aims to increase that number by 10 percent with its renovation plans. This will be an extremely exciting time for Selfridges and will continue to help make London one of the top shopping destinations in the world.