Selfridges owners in talks to sell to Thai conglomerate for £4bn
The family owners of Selfridges are in final talks to sell the luxury department store group to a Thai conglomerate for an estimated £4bn.
Central Retail group, which already owns upmarket department stores in Italy, Germany and Denmark via a division run by the former Selfridges boss Vittorio Radice, is expected to finalise a deal before the end of the year.
The group began with one store in Bangkok by Tiang Chirathivat in the 1950s and last year listed part of the business on the Thai stock exchange, and has other interests in convenience stores, shopping centres and hotels.
It is understood the deal to sell to the Central Retail group includes Selfridges’ four UK stores – in London, Birmingham and two in Manchester – as well as Brown Thomas
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