Central buys Selfridges in global push
Firm has ambitions for luxury department store portfolio, even amid the pandemic
Central Group, a Thai retail conglomerate with 75 years of history, has acquired British luxury store chain Selfridges as it aims to become a major global player in the department store sector.
The group released a statement on Friday with its long-standing partner Signa Holding, a real estate and retail group in Europe, that they entered into a definitive agreement to acquire Selfridges Group, a luxury retailer, from the Weston family.
The value of the deal was not disclosed, but it is estimated at £4 billion according to…
