Saudi wealth fund buys 40% stake in Selfridges department store

Saudi wealth fund buys 40% stake in Selfridges department store

Thai conglomerate Central Group to co-own high-profile retailer with Saudi Public Investment Fund

Business live – latest updates

Saudi Arabia’s sovereign wealth fund has bought a stake in the upmarket department store Selfridges in its latest move on a high-profile British asset.

The Saudi Public Investment Fund (PIF) said it had signed a deal to buy a 40% stake in the loss-making retailer for an undisclosed sum.

Continue reading…

Please follow and like us:
Pin Share