Luxury department store Selfridges is reportedly close to closing a four billion pound deal with Thailand’s Central Group, with an official announcement supposedly to come in a matter of days.
Word on the acquisition has been floating around since the start of December, following a report by The Times that stated the current owners of the retailer, Canada’s Weston family, had agreed on terms with Central Group in November.
Following the report, an associate from a retail subsidiary of the firm denied the news, stating at the time: “The company would like to clarify that the company is not currently involved with the transaction reported in the news.”
Reports yet to be confirmed
New information issued by Reuters has now come to light, with source’s close to the media platform stating a deal is on the verge of closing. According to the publication, the Thai…
