PIF partners with Central Group in Selfridges

logo of The Public Investment Fund (PIF)

The Public Investment Fund (PIF) announced today, Oct. 7, that it will form a strategic partnership with Central Group, a leading retail, real estate and hospitality conglomerate, following PIF’s acquisition of a 40% interest in Selfridges Group.
 

This transaction follows a binding agreement for the total buyout of Signa Group’s interest in Selfridges Group by PIF, and is subject to customary and applicable regulatory approvals.
 

For more news and details on M&As

Through this partnership, PIF will hold 40% of both Selfridges Group’s operating and property companies, with Central Group owning the remaining 60%, the fund said in an emailed statement to Argaam.
 

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

This partnership aligns with PIF’s strategy of investing in key strategic sectors globally and is underpinned by a shared vision to unlock further value in Selfridges Group. By combining PIF's investment capabilities with Central Group’s industry leadership, this collaboration will accelerate the growth of Selfridges Group, cementing its position as a leading force in European luxury retail.