The owner of Selfridges sees a significant rise in both losses and sales.Pre-tax losses nearly doubled to £340.3 million by February 2024.Sales climbed sharply, increasing 95%…
Browsing: Public Investment Fund
The recent acquisition of a 40% stake in Selfridges by Saudi Arabia’s Public Investment Fund (PIF) signals a significant shift in the retail landscape. Selfridges has…
Saudi Arabia’s Public Investment Fund (PIF) has secured a 40% stake in Selfridges Group, aiming to revitalize the renowned department store.Austrian property group Signa, the previous…
Selfridges has experienced a significant reduction in the value of its property assets.The luxury retailer’s property value decreased by 20.6%, amounting to £638.6 million.Loans exceeding £1.7…
Saudi Arabia’s Public Investment Fund (PIF) secures a significant 40% stake in Selfridges, collaborating with Thailand’s Central Group, ending a phase of instability for the retailer.The…
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Selfridges.The acquisition ends uncertainty following the collapse of Rene Benko’s Signa.Central Group retains a…
Rocco Forte Hotels is set to expand significantly with new investments.Saudi Arabia’s Public Investment Fund has invested £1.4bn in Rocco Forte Hotels, acquiring a substantial stake.This…