Saudi Sovereign Fund Acquires 40% Stake in Selfridges

The Saudi Public Investment Fund partners with Thailand's Central Group to bolster Selfridges' financial position and growth potential.

The Saudi Public Investment Fund (PIF) has purchased a 40% stake in Selfridges, previously owned by Austria's Signa Group, which filed for insolvency.
Central Group, a Thai retail conglomerate, remains the majority stakeholder with a 60% share in Selfridges.
The acquisition aims to strengthen Selfridges' financial standing and support its future development as a leading luxury retail destination.
Selfridges operates 18 luxury department stores across the UK, Netherlands, and Ireland, with flagship locations on London's Oxford Street and Manchester's Exchange Square.
PIF's investment is part of its strategy to diversify its portfolio beyond oil, having invested in various sectors including sports, airports, and hospitality.