Thailand’s Central Group and Saudi Arabia’s Private Investment Fund agreed to form a partnership following the latter’s acquisition of a 40% interest in Selfridges.

Saudi Arabia’s Public Investment Fund is set to become a minority partner in UK department-store chain Selfridges after buying out the position of the now-insolvent Signa Group.

Saudi Arabia’s Public Investment Fund (PIF) is now a joint owner of the business behind upmarket department store chain, Selfridges, it has been confirmed. Thai investor Central Group has announced a deal which will see it own 60 per cent of the group’s operating and property companies,

Saudi Arabia’s Public Investment Fund secures a 40% stake in Selfridges, partnering with Central Group as the retailer strengthens its financial position.

PIF has taken a 40 percent stake in Selfridges' operating and property businesses, with Central Group raising its majority stake in the retailer to 60 percent.

Saudi Arabia's sovereign wealth fund has agreed to buy a significant stake in department store firm Selfridges, which owns Arnotts and Brown Thomas department stores here.

The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has acquired a 40 percent stake in British luxury department store

Saudi Arabia’s Public Investment Fund (PIF) is set to become a minority shareholder in the luxury British department store chain Selfridges. The sovereign wealth fund has signed a binding agreement for a total buyout of the insolvent Signa Group’s position,