Thailand’s largest department store owner, Central Group, is just days away from closing a 4 billion pound ($5.31 billion) acquisition of Selfridges stores in the United Kingdom, two sources familiar with the matter told Reuters.
The Thai group’s main department store unit, Central Retail Corp, would have the right to take a partial stake in Selfridges but was still considering, one of the sources added.
Central Group, owned by the billionaire Chirathivat family, has had a presence in Europe since 2011. Last year, it bought Swiss luxury department store Globus and other real estate assets in a joint venture with Austria’s Signa for US$1 billion.
Read more/Source: Reuters
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