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

📆 11/10/2024 11:37 pm
📰 LuxuryDaily

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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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