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Selfridges owner secures major investment from Saudi Arabia’s Public Investment Fund

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Thailand’s Central Group, the majority shareholder, has accepted a deal that grants its new partner a 40 percent stake in the British luxury department store chain.

The majority shareholder of Britain’s Selfridges Group is ensuring the British department store chain’s survival and ability to scale.

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Saudi Arabia’s Public Investment Fund Takes Large Minority Stake in SelfridgesSaudi Arabia's Public Investment Fund has taken a 40 percent stake in the retailer. Central Group controls the retailer with a 60 percent stake.
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Saudi Arabia’s Fashion Industry Surges Ahead, According to New Report From Saudi Fashion CommissionThe Saudi Fashion Commission says the growing youth population, women in the workforce and investment in tourism is leading a rapid shift in the country's fashion industry.
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