Central Group and PIF to form a joint venture.

Central Group, a Thai multinational conglomerate, and PIF, a sovereign wealth fund of Saudi Arabia, agreed to form a joint venture. “We became the majority shareholder in Selfridges Group’s operating company in November last year. Today we are glad to welcome our new partner PIF, and together we will immensely strengthen the Selfridges Group’s financial position. The Group is ready to embark on a new chapter of development and growth supported by the shared long-term vision of its shareholders,” Tos Chirathivat, Central Group Executive Chairman and CEO.