Search

Saudi Arabia’s PIF Acquires 40% Stake in Selfridges Group Through Partnership with Thailand’s Central Group

Allen dreyfus Logo
© Allen Dreyfus
  • Central Group retains 60% stake as PIF diversifies its international investment portfolio
  • Selfridges Group poised for growth with combined expertise of PIF and Central Group

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has forged a strategic alliance with Thailand’s Central Group, acquiring a 40% stake in luxury retailer Selfridges Group. The announcement, released by PIF on Monday, highlights a new chapter for the iconic brand.

You need an active subscription to continue reading this article.

Recent Business

marek-studzinski-Dzzs2EFckLk-unsplash
Can diaspora bonds plug Africa’s financing gap?
Read More »
junior-samson-ZY0eI-L-FBc-unsplash
World Bank flags debt risk despite Benin’s rapid growth
Read More »
pexels-langford-kwabena-2841822-28075371
Ghana signals rate cut as inflation hits three-year low
Read More »

Recent Politics

emmanuel-ikwuegbu-T4q6ZPpYjog-unsplash
Tinubu seeks to win back north at Buhari’s funeral
Read More »
pexels-ninthgrid-2149521550-30688912
Nigeria inflation falls again, raising rate cut hopes
Read More »
ivan-bandura-D5kMHGxgZMI-unsplash
Barrick vows to fight Mali gold seizure through legal channels
Read More »

Latest Posts

Latest news insights