What: Selfridges has requested cash from its holding company to meet its debt obligations.

Why it is important: Despite challenges with loans and interest payments, Selfridges continues to trade independently and receive unwavering support.

Signa Prime Selection, co-owner of properties like Selfridges and KaDeWe, filed for insolvency. Cambridge Properties reported a high group profit and EBITDA in 2022 but faces large debts with high interest rates. Additional funding is likely needed from controlling parties to service loan interest and ensure compliance with covenants. Discussions are ongoing regarding future financing amid significant uncertainty. However, Selfridges remains a top department store with Central Group's confirmed commitment.

Selfridges asks holding company for cash to meet debt obligations