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Central Retail Corporation Denies Selfridges Deal

The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
Central Group CEO, Tos Chirathivat is pictured in the landmark luxury Central Embassy Mall in Bangkok.
Central Group chief executive Tos Chirathivat in the group's luxury shopping centre Central Embassy Mall in Bangkok. (Peter Charlesworth)

Central Retail Corporation’s chief executive Yol Phokasub said today in a statement to the president of the Thai stock exchange that “regarding news stories by

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Further Reading

Case Study | Can Selfridges Future-Proof the Department Store?

Selfridges has attracted a bid from a potential buyer at a $5.7 billion valuation, the latest indication that the department store’s big bet on physical retail is paying off. But after a bruising pandemic year, the British chain could struggle to rebound amid a continued collapse in international tourism and a shift to online sales.

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