Central Group announced today that it has exercised its right to convert a loan provided by one of its subsidiaries to the Selfridges group into equity, subject to relevant regulatory and anti-trust approvals. As a result, Central Group will become the majority shareholder and gain control of the joint venture company for the operating companies

Central Group announced today that it has exercised its right to convert a loan provided by one of its subsidiaries to the Selfridges group into equity, subject to relevant regulatory and anti-trust approvals.

As a result, Central Group will become the majority shareholder and gain control of the joint venture company for the operating companies within the Selfridges Group (“Group”). The 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.