It is being widely reported that Central Group, the co-owner of Selfridges, has taken full control of the department store chain after co-owner Signa Group continues to face financial difficulties.
Signa bought Selfridges alongside Central in a €4.7 billion dollar deal in 2021.
Image source: Simeon87 via Wikimedia
Saudi Arabia’s Public Investment Fund has reportedly offered to raise its stake in the department store chain.
According to SGI USA, Fromuth Racquet Sports, a Pennsylvania-based racquet sports wholesaler and retailer, has reached an agreement to acquire e-tailer Tennis-Point on undisclosed terms to expand into the tennis e-commerce space. Tennis-Point will initially operate as an independent company and will retain the same name and contact details. All ...
According to media reports, the founder of Signa Holding, the Austrian René Benko, has filed for insolvency as a sole proprietor. The Austrian Financial Procurator’s Office had already filed for insolvency against Benko as an entrepreneur at the end of January. This primarily concerned debts to the Austrian tax authorities, ...
Intelligence, analysis and advice for the global sporting goods industry.
