Saudi Arabia’s public investment fund (PIF) is to take a 40 per cent stake in the company behind Brown Thomas and Arnotts.
The fund said in a statement it had struck a deal with Thailand’s Central Group to jointly own Selfridges Group — the parent company of the two Dublin department stores, as well as Selfridges in London. In total, it owns and operates 18 department stores in the UK, Ireland and the Netherlands.
The deal comes after…