Selfridges set to be sold to a Thai conglomerate for £4bn

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Selfridges set to be sold to a Thai conglomerate for £4bn
04 Dec 2021
3 min read

News Synopsis

The high-end department store chain in the United Kingdom is set to be sold to a Thai conglomerate for £4 billion. The Thai conglomerate, Central Group is a family-owned conglomerate situated in Bangkok and went global after Samrit Chirathivat, the founder’s son subpoenaed the first-ever departmental store in Thailand in 1954. 

Selfridges was founded in 1908 by the US retail magnate Harry Gordon Selfridge and has been under Westons for the past 18 years. The Weston family decided to sell the chain of department stores after the death of Galen Weston.

TWN Opinion