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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. Central and Signa have also teamed up with Japanese retail giant Aeon Co to develop an e-commerce platform for one of the fastest growing online sports retail markets in the world.

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How to Win in Retail: Less Science, More Art

Retail Prophet

E-commerce, which in 2003 amounted to a rounding error on most retailers’ profit and loss statements, has become table stakes for any business wishing to survive. Mobile phones have become essential conduits for communication, entertainment and commerce. But the shift is bigger than consumer-facing innovations.

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