Saudi Arabia acquires 40 per cent stake in Selfridges, partnering …
WEB19 hours ago · Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Selfridges, joining forces with Thailand’s Central Group to secure ownership of the iconic London department store. The deal, which ends months of uncertainty surrounding Selfridges’ future, saw PIF purchase the stake from …
Saudi wealth fund buys 40% stake in Selfridges - Yahoo Finance
WEB14 hours ago · Selfridges was founded in 1908 (James Manning/PA) PIF will now take a 40% stake in Selfridges, with Central owning the other 60% of the business. Last year, Central converted a loan into equity to take majority control of Selfridges but has now been able to buy the remaining Signa-owned stake for an undisclosed sum alongside PIF.
Saudi Arabia’s PIF to Take 40% Share in Selfridges Stores
WEB1 day ago · 2:02. Saudi Arabia’s Public Investment Fund is set to become a minority partner in UK department-store chain Selfridges after buying out the position of the now-insolvent Signa Group. The PIF ...
Thai Central Group brings Saudi fund PIF into Selfridges
WEB1 day ago · Central Group, owned by the Chirathivat family, said on Monday evening that it would now own 60 per cent of Selfridges Group’s operating and property companies, with the PIF owning the remainder.
Selfridges sold for £4bn to Thai-Austrian alliance - BBC
WEBDec 24, 2021 · British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm. The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn), the...
Selfridges sold to Thai and Austrian alliance in $5 billion deal
WEBDec 24, 2021 · Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a source close to the matter said was worth around £4 billion ($5.37...
Selfridges sold for £4bn to Thai-Austrian alliance - BBC News
WEBDec 24, 2021 · British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm. The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn), the...
Thai investor set to take control of Selfridges Group - Financial Times
WEBNov 14, 2023 · Thai investor Central Group is set to take control of the company behind London’s upmarket department store Selfridges, amid a financial crisis at its Austrian co-owner Signa.
Saudi's Public Investment Fund set to take 40% stake in Selfridges ...
WEB15 hours ago · October 08, 2024. Saudi Arabia’s Public Investment Fund (PIF) is set to become a minority shareholder in the luxury British department store chain Selfridges. The sovereign wealth fund has signed a binding agreement for a total buyout of the now-insolvent Signa Group’s position, which will give PIF a …
Saudi Arabia’s Public Investment Fund acquires 40 percent stake in ...
WEB16 hours ago · Selfridges Oxford Street Credits: Andrew Meredith. The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has acquired a 40 percent stake in British luxury department store Selfridges and is forming a strategic partnership with Thailand-based conglomerate Central Group, which raised its …