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Selfridges Group

Retail group in Europe From Wikipedia, the free encyclopedia

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Selfridges Group is a holding company of European department stores, itself owned by the Thai conglomerate Central Group and the Saudi Arabian Public Investment Fund. It operates the full-line stores Arnotts and Brown Thomas in Ireland, De Bijenkorf in the Netherlands, and Selfridges in the United Kingdom. The company previously owned the Canadian department stores Holt Renfrew and Ogilvy, both of which the Weston family retained in the acquisition.

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Signa Holding's 40-percent stake in the acquisition was acquired by the Saudi Arabia Public Investment Fund in 2024. The acquired stores are controlled by the department store division of Central Group, which is the majority owner with 60 percent.[1]

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History

Selfridges Group, along with KaDeWe Group, is owned by the Central Group from Thailand, which acquired it in 2021 jointly with Austria-based Signa Holding, which lost joint control in late 2023. Shareholders successfully ousted Signa Holding's founder, René Benko, who was pressured to relinquish his voting rights amid the financial turmoil.[2]

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Notes

  1. Acquired by Wittington Investments before the establishment of the Selfridges Group

References

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