Saudi Arabia's PIF acquires 40% stake in Selfridges Group, partnering with Thailand's Central Group.

Saudi Arabia's Public Investment Fund (PIF) has purchased a 40% stake in Selfridges Group, which includes Dublin's Brown Thomas and Arnotts, alongside Thailand's Central Group. This acquisition follows Central Group's partnership shift from Austrian businessman René Benko. The investment aims to enhance Selfridges' financial stability and support growth, reflecting Saudi Arabia's strategy to diversify its economy beyond oil and strengthen its global presence.

October 07, 2024
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