Central Group news and archive

Weston family completes sale of Selfridges

The billionaire Weston Family has completed its sale of Selfridges Group to a Thai and Austrian joint venture. Last year, the Weston family agreed to sell the business to Thailand’s Central Group and Austrian-based property company Signa Holding, with each company taking a 50 percent stake. As well as owning the iconic Selfridges department...

Aug 18, 2022

BusinessFeatured

Iconic retailer Selfridges sold to Thai and Austrian joint venture

The Canadian billionaire family behind the revamp of Selfridges have sold the iconic department store to a Thai and Austrian joint venture. The Weston family sold the British store chain to Thai conglomerate Central Group and Austrian Signa Holding, who each own 50 percent. The group’s other retail division, which includes Arnotts and Brown...

Dec 24, 2021

ManagementFeatured

Selfridges reportedly agrees sale to Thailand’s Central Group

The soon-to-be new owner of British department store chain Selfridges has reportedly been revealed. The current owner of the iconic retailer, the billionaire Weston family, has agreed to sell the business to Thailand’s Central Group, according to The Times. The family hopes the deal will go through before the end of the year. Selfridges hasn’t...

Dec 2, 2021

Business

JD.com in talks with Central Group for e-commerce deal

Reuters has reported that China's JD.com is in talks with Thailand's Central Group to launch a joint e-commerce venture in a total investment worth 500 million dollars. If this venture goes through, it would help JD.com expand their overseas presence beyond Indonesia and to compete with rivals like Alibaba and Amazon who are ramping up their...

Aug 24, 2017