webfact Posted November 11, 2021 Share Posted November 11, 2021 Image:Selfridges is understood to have a £4bn price tag Central Group has been working with investment bankers to help it explore a takeover bid for Selfridges, one of the world’s most prestigious department store operators, Sky News understands. Mark Kleinman City editor A Thai-based conglomerate which owns the Italian department store Rinascente is among a pack of suitors weighing multibillion pound takeover bids for Selfridges, the owner of one of Britain’s landmark shopping destinations. Sky News has learnt that Central Group, which is controlled by the Chirathivat family, is among a number of parties to have expressed an interest in acquiring the globally renowned retailer. Sources said that Central was working with investment bankers at Citi on its interest in Selfridges, although they cautioned that there was no certainty that a formal bid would emerge from the Asian group. Full story: https://news.sky.com/story/thai-based-department-store-owner-central-sizes-up-selfridges-takeover-12466049 -- © Copyright sky news 2021-11-12 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post mokwit Posted November 12, 2021 Popular Post Share Posted November 12, 2021 Isn't it in trouble because Department stores are yesterday's retail model? 4 Link to comment Share on other sites More sharing options...
mikebell Posted November 12, 2021 Share Posted November 12, 2021 So not all businesses in Thailand are suffering falls in profit? Link to comment Share on other sites More sharing options...
Popular Post DeaconJohn Posted November 12, 2021 Popular Post Share Posted November 12, 2021 Another iconic British brand name on sale to the highest bidder. Do the Brits own anything anymore? 6 Link to comment Share on other sites More sharing options...
Popular Post elwood Posted November 12, 2021 Popular Post Share Posted November 12, 2021 16 minutes ago, DeaconJohn said: Another iconic British brand name on sale to the highest bidder. Do the Brits own anything anymore? It is currently owned by a Canadian group anyway. 2 3 Link to comment Share on other sites More sharing options...
John Drake Posted November 12, 2021 Share Posted November 12, 2021 19 minutes ago, DeaconJohn said: Another iconic British brand name on sale to the highest bidder. Do the Brits own anything anymore? Thailand buying out British stores, soccer teams, and what else. Funny to me. The UK is a literal subsidiary of Thailand. 2 Link to comment Share on other sites More sharing options...
KhunLA Posted November 12, 2021 Share Posted November 12, 2021 Another 'brand' hoping to get saved from 'iconic' failure. Asia rocks ... ???? Link to comment Share on other sites More sharing options...
Popular Post John Drake Posted November 12, 2021 Popular Post Share Posted November 12, 2021 2 hours ago, mokwit said: Isn't it in trouble because Department stores are yesterday's retail model? When I buy something, usually, I like to see it, how it works, does it fit, how well is it made, etc. Getting a drone drop for underwear you ordered large that ends up being small because it was made for Asians is not what I want to see. 6 Link to comment Share on other sites More sharing options...
Popular Post VocalNeal Posted November 12, 2021 Popular Post Share Posted November 12, 2021 5 minutes ago, John Drake said: The UK is a literal subsidiary of Thailand. UK is a business. Will take anyone's money if the deal is right? Has always been thus. It is about money, not about selling tat. 3 Link to comment Share on other sites More sharing options...
Willy Wombat Posted November 12, 2021 Share Posted November 12, 2021 When a handful of families own nearly ever in Thailand it’s only natural to spend your billions overseas 1 Link to comment Share on other sites More sharing options...
Popular Post chickenslegs Posted November 12, 2021 Popular Post Share Posted November 12, 2021 Is it this place? 3 21 Link to comment Share on other sites More sharing options...
Popular Post mikebike Posted November 12, 2021 Popular Post Share Posted November 12, 2021 14 minutes ago, Willy Wombat said: When a handful of families own nearly ever in Thailand it’s only natural to spend your billions overseas Interesting group of countries at the top of the wealth inequality list... 2 1 1 Link to comment Share on other sites More sharing options...
johng Posted November 12, 2021 Share Posted November 12, 2021 36 minutes ago, John Drake said: Getting a drone drop for underwear you ordered large that ends up being small because it was made for Asians is not what I want to see. That very thing just happened to me...luckily my wife said she would wear them so no need to send them back I then ordered the XL size ???? 1 Link to comment Share on other sites More sharing options...
KhunLA Posted November 12, 2021 Share Posted November 12, 2021 3 hours ago, John Drake said: When I buy something, usually, I like to see it, how it works, does it fit, how well is it made, etc. If unfamiliar with the product, I also like hands on at a brick & mortar .... then I order it online ... ???? 1 1 Link to comment Share on other sites More sharing options...
Popular Post bradiston Posted November 12, 2021 Popular Post Share Posted November 12, 2021 Will they rename it Selfridges's's? 6 Link to comment Share on other sites More sharing options...
roquefort Posted November 12, 2021 Share Posted November 12, 2021 3 hours ago, mikebike said: Interesting group of countries at the top of the wealth inequality list... How does Netherlands get to be ahead of Russia, Thailand and Saudi? 1 Link to comment Share on other sites More sharing options...
chilli42 Posted November 12, 2021 Share Posted November 12, 2021 7 hours ago, mokwit said: Isn't it in trouble because Department stores are yesterday's retail model? That’s right. These kinds of stores are in trouble around the globe. Thing is this Thai company is looking at this ‘takeover’ through their own local lens. It’s a disaster waiting to happen. 2 Link to comment Share on other sites More sharing options...
hotchilli Posted November 12, 2021 Share Posted November 12, 2021 7 hours ago, mikebell said: So not all businesses in Thailand are suffering falls in profit? That should be not all "families" ? Link to comment Share on other sites More sharing options...
kimamey Posted November 12, 2021 Share Posted November 12, 2021 6 hours ago, John Drake said: When I buy something, usually, I like to see it, how it works, does it fit, how well is it made, etc. Getting a drone drop for underwear you ordered large that ends up being small because it was made for Asians is not what I want to see. I think you've got a point there. Some things are OK to just buy, particularly if it's a repeat purchase but it's important to get people to touch things to encourage them to buy. For a while I not very successfully sold double glazed windows and taking a sample so it could be handled was a big part of selling. 1 Link to comment Share on other sites More sharing options...
hashmodha Posted November 12, 2021 Share Posted November 12, 2021 5 hours ago, chickenslegs said: Is it this place? Classic!???????????????????????? Link to comment Share on other sites More sharing options...
josephbloggs Posted November 12, 2021 Share Posted November 12, 2021 54 minutes ago, chilli42 said: That’s right. These kinds of stores are in trouble around the globe. Thing is this Thai company is looking at this ‘takeover’ through their own local lens. It’s a disaster waiting to happen. If only they read this forum they wouldn't be doing this - if only someone could enlighten them! Sorry, but I think it's safe to assume the Central Group have a bit more business savvy than you - they have a pretty good track record of success globally. https://www.statista.com/statistics/861908/selfridges-retail-limited-revenue-worldwide/ 1 1 Link to comment Share on other sites More sharing options...
mokwit Posted November 12, 2021 Share Posted November 12, 2021 1 hour ago, chilli42 said: That’s right. These kinds of stores are in trouble around the globe. Thing is this Thai company is looking at this ‘takeover’ through their own local lens. It’s a disaster waiting to happen. A Thai investment banker friend tells me these things are sometimes a way of getting money out of the country in very large amounts. 1 Link to comment Share on other sites More sharing options...
d2b2 Posted November 12, 2021 Share Posted November 12, 2021 6 hours ago, mikebike said: Interesting group of countries at the top of the wealth inequality list... Kind of a worthless ranking without knowing the source Link to comment Share on other sites More sharing options...
recom273 Posted November 12, 2021 Share Posted November 12, 2021 (edited) 3 hours ago, bradiston said: Will they rename it Selfridges's's? Im sure they will just drop the S because that's too difficult to pronounce - It will become Selfridge. Just like "Centran" Edited November 12, 2021 by recom273 Link to comment Share on other sites More sharing options...
Popular Post bradiston Posted November 12, 2021 Popular Post Share Posted November 12, 2021 52 minutes ago, recom273 said: Im sure they will just drop the S because that's too difficult to pronounce - It will become Selfridge. Just like "Centran" It was a reference to Lotus which got rebranded Lotus's, completely unpronounceable in Thai. Except as lo tut tut. So I guess Selfridges would become Selfrijit. 3 Link to comment Share on other sites More sharing options...
bangon04 Posted November 12, 2021 Share Posted November 12, 2021 1 hour ago, mokwit said: A Thai investment banker friend tells me these things are sometimes a way of getting money out of the country in very large amounts. The UK has a good reputation for high class government tolerated money laundering. It is a world leader. 1 Link to comment Share on other sites More sharing options...
Chad3000 Posted November 12, 2021 Share Posted November 12, 2021 This is why the baht is stronger. Pump it up for the big purchase. Link to comment Share on other sites More sharing options...
Burma Bill Posted November 12, 2021 Share Posted November 12, 2021 10 hours ago, mokwit said: Isn't it in trouble because Department stores are yesterday's retail model? Thank you, and probably "yes". It opened in 1909 (112 years ago) by an American on Oxford Street in London (UK). Its main rival was Debenhams, also on Oxford Street, which closed in January 2021. Maybe the CP Group (if successful) could turn it into the UK's largest 7-11 with the infuriating "ding dong, Welcome" (555) Photo shows the main entrance from Oxford Street:- Link to comment Share on other sites More sharing options...
rooinekrsa Posted November 12, 2021 Share Posted November 12, 2021 8 hours ago, DeaconJohn said: Another iconic British brand name on sale to the highest bidder. Do the Brits own anything anymore? Sellfridges is owned by a Canadian family. The Westerns 1 Link to comment Share on other sites More sharing options...
Kinnock Posted November 12, 2021 Share Posted November 12, 2021 4 hours ago, roquefort said: How does Netherlands get to be ahead of Russia, Thailand and Saudi? Two main reasons - the table is compiled using a simple formula (The Gini Coefficient), which does not include factors such as the standard of living of the 'under-classes'), and the long legacy of the Dutch East Indies Trading Company, which created huge wealth for a few families. Plus, the population of The Netherlands is comparatively tiny, so some of the measures can mpact the statistical formula significantly. More balanced ways of measuring wealth inequality would change the ranking ..... so it's more 'damned lies and statistics'. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now