Saudi Arabia’s Public Investment Fund is set to become a minority partner in department store chain Selfridges after buying out the position of the now-insolvent Signa Group.

The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development

Saudi PIF takes. Through this partnership, PIF will hold 40 per cent of both Selfridges Group’s operating and property companies, with Central Group owning the

Saudi Arabia has struck a deal to become the junior partner in the iconic London department store Selfridges after buying out a bust Austrian property tycoon. In a tie-up with Thailand’s Central Group,