Saudi Public Investment Fund (PIF), controlled by Crown Prince Mohammed bin Salman, has bought 40 per cent of shares in Selfridges after the collapse of Austrian conglomerate Signa.

Saudi Arabia's sovereign wealth fund has agreed to buy a significant stake in department store firm Selfridges, which owns Arnotts and Brown Thomas department stores here.

LONDON: Saudi Arabia’s sovereign wealth fund said it will buy 40 percent of luxury department-store group Selfridges following the collapse of Austrian conglomerate Signa.

Saudi Arabia’s Public Investment Fund secures a 40% stake in Selfridges, partnering with Central Group as the retailer strengthens its financial position.

Thailand-based conglomerate Central Group has announced a partnership with Saudi Arabia's Public Investment Fund (PIF), following the latter's agreement for a total buyout of Signa's interest in Selfridges Group.

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...

Saudi Arabia’s Public Investment Fund (PIF) is now a joint owner of the business behind upmarket department store chain, Selfridges.

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

Saudi Arabia’s Public Investment Fund (PIF) is set to become a minority shareholder in the luxury British department store chain Selfridges. The sovereign wealth fund has signed a binding agreement for a total buyout of the insolvent Signa Group’s position,

Thailand’s Central Group and Saudi Arabia’s Private Investment Fund agreed to form a partnership following the latter’s acquisition of a 40% interest in Selfridges.

PIF has taken a 40 percent stake in Selfridges' operating and property businesses, with Central Group raising its majority stake in the retailer to 60 percent.