Selfridges loan converted into equity

Selfridges loan converted into equity

The Selfridges department store in London, UK.
The Selfridges department store in London, UK.

Central Group announced that it has exercised its right to convert a loan provided by a subsidiary to the Selfridges Group into equity, subject to relevant regulatory and antitrust approvals.

As a result, Central Group will become the majority shareholder and gain control of the joint venture firm for operating companies within the Selfridges Group.

The Selfridges Group comprises the well-known department stores Selfridges in the UK, Brown Thomas & Arnotts in Ireland, and De Bijenkorf in the Netherlands.

The move solidifies Central Group as an owner-operator of the largest European luxury department store group, offering customers the best curation of brands, merchandise and extraordinary experiences.

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