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The Latest Breaking News from Central Group

Selfridges blames slump in tourists shopping for luxury goods as sales fall

Losses narrow to nearly £16m for 48 weeks to 4 January 2025 but group has not made pre-tax profit since 2019

The Guardian - UK

Saudi wealth fund buys 40% stake in Selfridges department store

Thai conglomerate Central Group to co-own high-profile retailer with Saudi Public Investment Fund

The Guardian - UK

Thai retailer says it’s received no communication about Selfridges investment

Questions have swirled around the future of the iconic retailer after one of its co-owners filed for insolvency

Evening Standard

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UK dealmaking shrinks in 2023, but economy predicted to ‘turn corner’ in 2024 – as it happened

PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump

The Guardian - UK

As Selfridges updates on ownership, new forecast shows retailer appetite for Oxford Street looks solid

Momentum on Oxford Street has been given a boost with a forecast anticipating that empty store numbers will fall over the next year, and a new majority ownership update for long-term occupier Selfridges.

Evening Standard

Cash crisis throws doubts over Selfridges ownership

The ownership of Selfridges has been plunged into doubt by a financial crisis that has engulfed one of its two shareholders.

Evening Standard

Join the mission to increase green cover

Central and Robinson department stores invite shoppers to contribute to their efforts to increase green space in Thailand during the “Central/Robinson Love The Earth 2023” campaign.

Bangkok Post

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CPN invests B1bn in huge sales campaign

Central Pattana Plc (CPN) is partnering with firms under the Central Group umbrella as well as its leading business partners by investing more than 1 billion baht in a mid-year sales campaign dubbed "The Greatest Grand Sale 2023".

Bangkok Post

CPN earnings up 27% in first quarter

Central Pattana (CPN), Thailand's largest retail property developer under the umbrella of Central Group, reported strong growth in the first quarter of this year.

Bangkok Post

Get a taste of Italian Dolce Vita at CentralWorld

Central@CentralWorld and Central Chidlom have converted their grounds into a vibrant design expo for Dolce Italia 2023 to showcase the latest collection of fashion apparel and accessories, beauty products, fragrances and home decor items from more than 50 premium Italian brands until April 30.

Bangkok Post

Central 'eyeing Vietnamese mall operator'

Thailand’s Central Group is said to be a possible candidate to acquire a stake in the shopping mall arm of Vingroup, Vietnam’s largest conglomerate, five sources told Reuters on Wednesday.

Bangkok Post

Central upbeat on luxury stores in Europe

Central Group remains confident that its luxury department stores in Europe won't be affected by inflation as they targeted high-end customers, while Centara Hotels & Resorts (CHR) expects its revenue this year to exceed the level recorded in 2019.

Bangkok Post

CPN bags another social media award

Central Pattana (CPN), Thailand's largest retail property developer under the Central Group umbrella, has been awarded the title of "best brand performance on social media shopping & department store" for the second consecutive year for the CentralWorld shopping complex.

Bangkok Post

Central Group expands to five European countries

The name Central is a household — if not the biggest — name in department stores in Thailand but you may not be aware of the full extent of its retail foothold in Europe.

Bangkok Post

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Bangkok Post

JD Central to end Thai operations on March 3

E-marketplace JD Central announced it will end its operations in Thailand on March 3, bringing down the curtain on its six years of operating an e-commerce business in the country.

Bangkok Post

Thai and Italian business leaders meet to enhance relations

Business leaders have been participating in trade negotiations at the eighth edition of the Italian-Thai business forum.

Bangkok Post

Central Ramindra ready for restart

Central Pattana Plc (CPN), a retail and property developer, unveiled yesterday its revamped Central Ramindra mall aiming to draw customers with high purchasing power and strengthen its retail network in eastern Bangkok.

Bangkok Post

Shop like a jet-setter

Luxury department stores in Europe are festooned with glittering, glowing lights, their windows displaying enticing gift ideas, and the sounds of festive music evoking the season's joy for tourists arriving from around the world during the Christmas and New Year celebrations.

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Bangkok Post

Central pays SRT B1.3bn

The State Railway of Thailand (SRT) has received a rental fee of 1.3 billion baht for 2022 from the Central Group's Central International Development subsidiary for the Phahon Yothin plot.

Bangkok Post

Central Group rolls out 'creative space'

Central Group has launched Jing Jai Central Chiang Mai, calling it a creative space for inspiration and shared happiness.

Bangkok Post

CRC expects continued revenue growth

Central Retail Corporation (CRC), the retail arm of Central Group and the country's biggest mall operator, is upbeat on the high season growing its revenue as consumer purchasing power rebounds and greater numbers of foreign travellers visit Thailand.

Bangkok Post

Maritoey's first solo show explores loneliness

The 'Lonely Girls' exhibition by Maritoey runs until Oct 30 at Central: The Original Store, Central Group's first retail store on Charoen Krung Road.

Bangkok Post

Central stores allotted B15bn for facelift

Central Department Store Co under Central Retail Corporation (CRC), the SET-listed retail arm of Central Group, looks set to spend 15 billion baht to expand its retail business during 2023-2027.

Bangkok Post

Central Group plans $1.3bn push in Europe after Selfridges

Thailand's biggest retailer Central Group said on Tuesday it planned to expand its footprint in Europe further with investments worth nearly €1.3 billion euros (US$1.29 billion) over five years in new stores, upgrades and e-commerce.

Bangkok Post

Compassion is key

The most common cancer in Thai women, breast cancer is seeing a rising number of new cases while the average age of those diagnosed with the malignancy tends to be younger. According to figures from the National Cancer Institute, about 49 women in Thailand are diagnosed with breast cancer every…

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