Central Retail Corp., a leading retailer in Thailand, indicated potential interest in investing in Selfridges, the renowned department store, given the right circumstances.
The company outlined their investment criteria in a recent statement to the Thai stock exchange, stating that any new venture must align with its strategic business plan, be reasonably priced, and have optimal timing.
The company made it clear that Central Group, its parent company and the majority owner of Selfridges since November, has not approached them about this investment.
This response came in the wake of reports suggesting that Central Group is actively seeking new investment partners, potentially due to a looming financial crisis at Selfridges, reported Bangkok Post.
Recent accounts revealed that the department store’s holding company, Cambridge…
