Selfridges owners the Weston family have reportedly agreed to sell the department store chain to Thailand’s Central Group, with hopes for the deal to be completed by the end of this year.
Central Group is a family-owned conglomerate whose founder Samrit Chirathivat opened Thailand’s first department store in 1956. Today the business spans over 3,700 shops worldwide ranging from electronics to supermarkets, as well as joint ownership of luxury Swiss department store chain Globus.
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