Selfridges sold for £4bn to Thai-Austrian alliance

[webfact]

IMAGE SOURCE, REUTERS

 

British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm.

 

The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn), the BBC understands.

 

Founded in 1908 by US retail magnate Harry Gordon Selfridge, the company is best known for its flagship department store on London's Oxford Street.

 

Full story: https://www.bbc.com/news/business-59777577

 

-- © Copyright BBC 2021-12-24

 

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[webfact]

Selfridges being sold to Thai Central Group and Austrian Signa

By Panithan Onthaworn

 

 

Luxury British store chain Selfridges is being sold to Thailand’s Central Group and Austrian property company Signa Holding for an estimated 180 billion baht (USD 5.37 billion).

 

Central and Signa, which already jointly run major department stores across Europe, said that they reached an agreement to acquire the brand best known for its Oxford Street store in London.

 

There are 25 department stores worldwide under Selfridges operation. The deal will take over 18 of those, while seven stores in Canada will be excluded, according to Reuters. 

 

Full story: https://www.thaienquirer.com/36079/selfridges-being-sold-to-thai-central-group-and-austrian-signa/

 

-- © Copyright Thai Enquirer 2021-12-24

 

- Whatever you're going through, the Samaritans are here for you

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[hotchilli]

Splashing the cash... at least some families in Thailand are prospering.

[bangon04]

Still waiting for a rich Thai to buy Derby County Football Club.......

[talahtnut]

What foreign buyers have left of England is for sale £50 or offers.

Edited December 24, 2021 by talahtnut
punctuation

[Misterwhisper]

Meanwhile, in Thailand, a foreigner is not even allowed to own 1 single square centimeter of sacred Thai soil. 

[Sydebolle]

Well, after the Italian "La Rinascente" and Swiss "Globus" for billions of EUR, nothing comes as a surprise. It ensures though, that the Chirativat family will not be on top of the "List of famine" anytime soon. Where does the money come from - me wonders ...........