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Saturday, December 2, 2023

Central Group to become the majority shareholder in Selfridges Group

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.

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