Central Group in Partnership With PIF in Respect of Selfridges Group

Cleary Gottlieb is representing Central Group (Central) in its transactions with the Public Investment Fund (PIF) to form a new holding structure and governance arrangement in respect of the Selfridges Group, following PIF’s total buyout of Signa Group’s interest in Selfridges Group.

Completion of the transaction is subject to customary approvals.

Central Group will own a 60% stake, while PIF will hold 40% of both Selfridges Group’s operating and property companies. The deal includes new investment by both Central and PIF to strengthen Selfridges Group’s financial position and support the group’s future development.

Selfridges Group owns and operates 18 luxury department stores in three countries: Selfridges in the United Kingdom, De Bijenkorf in the Netherlands, and Brown Thomas and Arnotts in Ireland. The portfolio includes the iconic properties at Selfridges Oxford Street in London and Selfridges on Manchester’s Exchange Square.

For more information, please see the press release here.