Galen Weston, a Canadian billionaire related to the Weston family which owns Fortnum & Mason and Heals, is planning to make a £500m bid for department store Selfridges.
Tom Hunter and Selfridges chief executive Peter Williams are also tipped to bid for the firm.
References: Sunday Times Business 20/04/03 Page 1, Sunday Telegraph Business 20/04/03 Page 1