The wealth fund already has a 10 percent stake in the Selfridges properties.
Saudi Arabia’s Public Investment Fund, which already has a 10 percent stake in the Selfridges properties, is offering a cash price of 1 million British pounds for a 40 percent stake in the retailer.in a 50/50 deal with Central Group in 2022, and now has a minority share in the U.K.-based department store group.and currently has ownership of the operating business and its two sites, one on Oxford Street and the other in Manchester.
He praised Harrods consistency, from production selection to the services in its Knightsbridge store.
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