Alannah Weston is taking over from her father as chairman of British luxury store Selfridges.

The 47-year-old, heiress to her billionaire father’s retail empire, has been deputy chairman since 2014 after being made creative director when her family bought it in 2004 for a reported £598 million.

Her father, Galen Weston, 78, has been made chairman emeritus.

The family owns some of the UK’s biggest retailers, with a majority stake in Primark owner Associated British Foods and full ownership of Fortnum & Mason and upmarket furniture store Heal’s.

The family is worth £10.1 billion, according to the Sunday Times Rich List.

Weston lives with her two daughters and husband Alexander Cochrane, an architect, in South Kensington, London.