Editor
Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50 percent, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency.
PIF already owns a 10 percent share in the Selfridges properties and has offered to buy the remaining 40 percent stake for a cash price of £1 million ($1.3 million) from Signa’s flagship property unit, according to an…
