Thailand’s largest department-store owner, Central Group, is just days away from closing a £4 billion (€4.7 billion) acquisition of the Selfridges retail group, two sources familiar with the matter told Reuters.
An official announcement could be made as early as Thursday, the sources said. Selfridges owns the Brown Thomas and Arnotts department stores in Ireland.
British retail publisher Drapers reported that a sale had been agreed with Central and Austrian real estate company Signa Group, who are understood to have formed a joint venture.
The current owners of Selfridges, Canada’s Weston family, agreed terms with…
