Selfridges Group news and archive

Saudi Arabia’s Public Investment Fund acquires 40 percent stake in Selfridges Group

The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has acquired a 40 percent stake in British luxury department store Selfridges and is forming a strategic partnership with Thailand-based conglomerate Central Group, which raised its majority stake in the retailer to 60 percent. In a statement, family-owned Central Group...

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André Maeder to replace Andrew Keith as Selfridges CEO

André Maeder, CEO of luxury department store chain Selfridges Group is all set to take additional responsibility as CEO of Selfridges. The group comprising Selfridges in the UK, De Bijenkorf in the Netherlands, and Brown Thomas Arnotts in Ireland, announced that the development follows Andrew Keith’s decision to step down from his position as...

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Selfridges Group appoints KaDeWe Group chief executive as new CEO

André Maeder has been named as the new CEO of Selfridges Group following its acquisition last year. Maeder will take on the role from the spring after stepping down from his current position as chief executive and managing director of KaDeWe Group on November 1. KaDeWe Group is also owned by Selfridges Group’s parent company, Central Group....

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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...