Saudi Arabia’s Strategic Stake in Selfridges: A New Retail Chapter

Saudi Arabia's Public Investment Fund has acquired a 40% stake in Selfridges, one of the UK’s iconic department stores, in a move that extends the Kingdom’s economic reach into global retail. Partnering with Central Group, the deal highlights a strategic shift toward lifestyle investments, aiming to rejuvenate the renowned brand while aligning with Saudi Arabia's broader economic transformation goals.

by Dahlia Rahaimy | 10th Oct 2024