Selfridges to spend £300m on revamp on its 105-year-old famous Oxford Street flagship

Selfridges is set to begin a five year £300m revamp on its Oxford Street flagship store.

The work which is set to begin next month will be expanding Selfridges’ accessories department so that the handbag area will double in size.

Managing Director Anne Pitcher said: “We have the opportunity to create the world’s single biggest destination for accessories, with some of the world’s leading brands.”

Selfridges also plans to move its UK head office to Wigmore Street.

Selfridges chairman Galen Weston said: “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.”