Several of the luxury department store group’s assets, including the 120,000 sq ft Manchester Exchange store, are understood to be part of the sale.
Selfridges assets are valued at around £2bn. Among those assets is its signature Oxford Street store in London.
The retail company is owned by the Weston family, which purchased Selfridges in 2003 from £598m. The store was established by Harry Gordon Selfridge in 1908.
Credit Suisse is the adviser on the sale, which was instigated after the Westons were approached by an unnamed buyer.
Selfridges has two locations in the North West, with another spot at the Trafford Centre. The Manchester Exchange Square location was acquired by the company in 2001. The store opened in September 2002.