Selfridges Ownership Battle Heats Up: PIF and Kering Eye Strategic Stake
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Selfridges Ownership Battle Heats Up: PIF and Kering Eye Strategic Stake

THE WHAT? Saudi Arabia’s Public Investment Fund (PIF) and luxury conglomerate Kering have shown interest in acquiring a stake in the prestigious British department store, Selfridges following the insolvency of co-owner Signa.

THE DETAILS This situation ignites a high-profile battle for ownership, spotlighting the strategic value placed on luxury sector investments.

THE WHY? The collapse of Signa, led by businessman Rene Benko, opens the door for new investors, with PIF and Kering emerging as prominent contenders due to their financial capabilities and strategic interests in expanding their luxury retail presence.