Selfridges sold to Central Group and Signa Holding
A statement released on Friday by Central Group said the acquisition would “create one of the world’s leading omni-channel luxury department store groups”.The Selfridges portfolio includes 18 department stores across England, the Netherlands and Ireland.
Selfridges was founded in 1908 by Harry Gordon Selfridge. W Galen Weston bought the flagship Oxford Street Selfridge store in 2003 and formed the Selfridges Group in 2010.Selfridges Group chairman, and W Galen Weston’s surviving daughter, Alannah Weston said the acquisition was “testament to the successful realisation of my father’s vision for an iconic group of beautiful, truly experiential, department stores”.
“I am proud to pass the baton to the new owners who are family businesses that take a long-term view. The Central Group opened Thailand’s first department store in 1956 and now has roughly 3,700 stores around the world.Chief executive Tos Chirathivat said it was a “privilege” to make the deal.
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Selfridges sold for £4bn to Thai-Austrian allianceThe British luxury store chain is being bought by Thailand's Central Group and Signa Group of Austria.
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