DUESSELDORF: Luxury British store chain Selfridges is being sold to Central Group and an Austrian property company in a deal that a source close to the matter said was worth around £4 billion (180 billion baht).
Central Group and Austrian real estate company Signa Group, which already jointly own major department stores across Europe, said on Thursday they had struck a deal for the chain best known for its Oxford Street store in London.
The Canadian wing of the billionaire Weston family bought Selfridges for nearly £600 million (27 billion baht) in 2003.
Central Group, owned by the billionaire Chirathivat family, and Austrian investor Rene Benko’s Signa together own department stores in Germany, Italy, Denmark…
