PIF eyes stake in UK’s Selfridges: Report

Logo of The Public Investment Fund (PIF)

The Public Investment Fund (PIF) is interested in acquiring a stake in UK-based department store group Selfridges, The Telegraph reported, citing sources in the know.

“Interest has been triggered by the collapse of Signa, the Austrian company run by businessman Rene Benko that owns half of Selfridges'’ property company,” the British newspaper wrote.

PIF is one of the parties interested in purchasing Signa’s stake, along with luxury goods giant Kering.

Interested parties are awaiting the full outcome of Signa's collapse prior to officially announcing their interest in the stake