Central Group announced today that it has exercised its right to convert a loan provided by one of its subsidiaries to the Selfridges group into equity, subject to relevant regulatory and anti-trust approvals.
As a result, Central Group will become the majority shareholder and gain control of the joint venture company for the operating companies within the Selfridges Group (“Group”). The Group comprises the well-known department stores Selfridges in the UK, Brown Thomas & Arnotts in Ireland, and De Bijenkorf in the Netherlands.
The move solidifies Central Group as an owner-operator of the largest European luxury department store group offering customers the best curation of brands, merchandise, and extraordinary experiences.
