A woman wearing a face mask walks past the Selfridges Oxford street store prior to the company’s temporary closure of its UK branches, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 18, 2020. REUTERS/Peter Nicholls Acquire Licensing Rights
BANGKOK, Nov 15 (Reuters) – Thailand’s largest department store owner, Central Group, has taken control of Selfridges department stores, the company said in a statement on Wednesday, as its Austrian partner faces an investor revolt.
The announcement comes as Austrian co-owner, Rene Benko‘s Signa faces a property crisis in Europe. Central Group and Benko’s real estate company Signa Group bought Selfridges in 2021 in a deal worth $5 billion.
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