What: André Maeder has been announced as the new CEO of Selfridges Group after its acquisition last year. Maeder will assume the role in spring 2023, following his departure as Chief Executive and Managing Director of KaDeWe Group on November 1.

Why it is important: The appointment of André Maeder could contribute to the growth and success of Selfridges and its associated European retail businesses as he has a successful track record in transforming luxury department stores.

Selfridges Group was acquired in August 2022 by a consortium led by Central Group and Signa Group. The deal was reported to be worth GBP 4 billion and included Selfridges' European retail businesses in the UK, Ireland, and the Netherlands.

Maeder will be based in London and will oversee the management and coordination of Selfridges, De Bijenkorf, and Brown Thomas Arnotts. Since joining KaDeWe Group in 2014, Maeder played an instrumental role in transforming the group's luxury department stores, including KaDeWe, Alsterhaus, and Oberpollinger.

Michael Peterseim will replace Maeder as CEO and Chair of KaDeWe Group, while Janina Schüßler and Julia Lehmann have been promoted to director positions within the company.

Selfridges Group appoints KaDeWe Group chief executive as new CEO