Real Estate
Selfridges Turns to Co-Owner Central Group for Cash After Signa Collapse
- Property firm behind Selfridges in funding talks with co-owner
- Central Group provided loan to meet interest payments in Nov.
Shoppers carry large Selfridges bags in London.
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The company that owns the iconic Selfridges department store on London’s Oxford Street is asking its parent Central Group for more cash due to the insolvency of its other owner Signa.
Cambridge Properties Holding Limited is in discussions with the Thai group for future financing to meet upcoming debt payments, according to accounts filed this week. The co-owner Signa Prime Selection AG applied for insolvency Thursday.