BEAUTY | FASHION | LIFESTYLE
The Public Investment Fund of Saudi Arabia acquires stake in Selfridges
Date Posted: Tuesday 8th October 2024
The Public Investment Fund of Saudi Arabia (PIF) has announced that it will form a strategic partnership with retail, real estate and hospitality conglomerate Central Group following PIF’s acquisition of a 40% interest in Selfridges Group. Through this partnership, PIF will hold 40% of Selfridges Group’s operating and property companies, with Central Group owning the remaining 60%. The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development.