Central Group takes full control of UK’s Selfridges Group

It will serve as owner-operator for the largest European luxury department store group.

Central Group declared that it will become a majority shareholder of Selfridges Group, taking ownership of the UK-based venture company and its brand of department stores.

The Thai-based conglomerate exerted its right to convert a loan from one of its subsidiaries into equity to the Selfridges group. The new ownership is subject to regulatory and anti-trust approvals.

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Through this, Central Group is guaranteed as the “owner-operator” of the largest luxury department store group in Europe, with the best curation of brands, merchandise, and services for the most experienced shoppers.

It will soon oversee the operations of department stores Selfridges in the UK, Brown Thomas & Arnotts in Ireland, and De Bijenkorf in the Netherlands.