Thai Investor Plans to Buy Signa Brands Including Selfridges: BI

Thailand’s Central Group plans to buy upscale brands from Signa Retail Luxury Holding, including Selfridges in London, Germany’s KaDeWe Group and Switzerland’s Globus, according a report by Business Insider.

Central Group is in talks with Saudi Arabia’s Public Investment Fund about Selfridges, according to the report. The Thai investor bought the high-end department store in London together with Signa in 2022 for about €4 billion ($4.3 billion).

After the transaction, Signa founder Rene Benko facilitated a separate deal that gave the PIF a 10% stake in a company that also owns the property used by Selfridges. The retail business and ...