(Bloomberg) — Saudi Arabia’s Public Investment Fund is set to become a minority partner in department store chain Selfridges after buying out the position of the now-insolvent Signa Group.
The PIF will take a 40% stake in both the properties and the operating businesses of Selfridges, according to an emailed statement from current co-owner Central Group. The Thai retail conglomerate will own a 60% stake, with the deal including new…
