Selfridges could be sold before Christmas.
Thailand’s Central Group and Austria’s Sigma Group – the joint owner of the Chrysler Building in New York – are said to be close to handing over more than £4bn for the Weston family’s 25-store portfolio.
Last year, Central teamed up with Sigma to buy the Swiss department store chain Globus in a 50:50 joint venture. It is understood that a similar structure is being hammered out for Selfridges.
As £2bn of Selfridges’ value lies in its property portfolio, it is seen as a good fit for Sigma.
