PIF Acquires 40% Shares in Upscale Department Stores Selfridges

Saudi Arabia’s Public Investment Fund has become a 40% joint owner of the company behind the famed Selfridges department store chain.

The PIF will own the company jointly with Thai investor Central Group, which acquired a majority ownership in shares of the company in 2023. The PIF subsequently acquired the shares formerly owned by Benko’s Signa after that company ran into financial difficulties.

The Selfridges Group operates 18 department store shops in three different countries, namely Selfrdiges in the UK, De Bijenkorf in the Netherlands and Brown Thomas and Arnotts in Ireland.