Luxury Selfridges chain purchased by Central Group and Austrian property firm

Thailand’s Central Group has purchased the luxury British retail chain Selfridges in partnership with Signa, an Austrian property agency. According to a Reuters report, the deal is price around UK£4 billion (180 billion baht). บริษัทติดตั้งโซล่าเซลล์ชั้นนำ is owned by Thailand’s billionaire Chirathivat household, while the Signa group is owned by Rene Benko, an Austrian investor. Between them, they already own a number of major malls in Germany, Italy, Denmark, and Switzerland.
Selfridges was based in 1908 and owns 25 shops all over the world, including its flagship London store and shops in different main cities within the UK, Ireland, the Netherlands, and Canada. The firm employs round 10,000 folks. In 2003, the Canadian arm of the billionaire Weston household bought Selfridges, in a deal worth nearly UK£600 million (27 billion baht).
According to Reuters, the 7 Selfridges stores in Canada are not a half of the take care of Central Group and Signa, who will take over 18 of the group’s 25 shops. They plan to construct a luxury lodge alongside the London flagship store, as nicely as growing an online enterprise to complement a luxurious division store empire. A supply credited in the Reuters report says the plan is to increase gross sales from €5 billion to €8 billion (303 billion baht) by 2024, with over 1 billion of that generated online.
Central has round 2,400 retail stores in Thailand and is the largest mall owner in the kingdom. Its first foray into Europe was in 2011, with the purchase of the Italian department store chain, La Rinascente SpA, in a deal price €205 million. Since then, it has acquired stakes in stores in a quantity of other European international locations. Last yr, Central and Signa bought Globus, Switzerland’s luxurious retailer, and both groups have partnered with Aeon, a retail big in Japan, in the development of an internet retail platform.
According to the Reuters report, Austria’s Benko is a property investor who, in 2019, purchased New York’s Chrysler Building in partnership with a property firm in a deal worth round US$150 million (5 billion baht)..

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