Selfridges Owners Sell Company for Estimated $5.36 Billion USD

Six months after news first emerged of a potential Selfridges sale, the legendary London store has now been acquired by Thai retail group Central Group and Austrian property company Signa Holding. The joint deal is valued at an estimated £4 billion GBP (approximately $5.36 billion USD).The deal includes the four Selfridges stores across the U.K., as well as Brown Thomas and Arnotts in Ireland and the Netherlands-based De Bijenkorf group of department stores. The group's prime property assets ar...