Published by
Reuters UK
Reuters UK
By Matthias Inverardi DUESSELDORF (Reuters) – Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a source close to the matter said was worth around 4 billion pounds ($5.37 billion). Thailand’s Central Group and Austrian real estate company Signa Group, which already jointly own major department stores across Europe, said on Thursday they had struck a deal for the chain best known for its Oxford Street store in London. The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. Ce…