Miss Selfridge is a UK based women’s high street label which is part of the UK fashion group Arcadia. This high street label opened its very first store in Selfridges Duke Street in 1966. Miss Selfridge continued to grow through opening concessions in leading department stores and opening it owns independent stores. In July 1999 Arcadia Group, which was owned by Sir Philip Green, acquired Miss Selfridge.
Recently, Arcadia faced administration but successfully won backing from landlords to push through a restructuring plan. As part of this restructuring plan, Sir Philip Green’s Arcadia announced the closure of the Oxford Street flagship branch of its Miss Selfridge chain and move the brand into a concession in the neighbouring branch of Topshop. The closure will take place this summer and the fashion group has said it will attempt to redeploy as many staff as possible into the new concession or to other Arcadia locations throughout London.
Miss Selfridge Oxford Street is believed to be one of the brand’s few profitable stores, but Sir Philip is reported to believe that renting out the prime location to another retailer would be a more profitable move for the group.