This push into Europe comes after it completed a deal to purchase Selfridges and it will support this expansion with an investment of $1.3bn.
Central Group is Thailand’s largest retailer and they are now looking to expand their European presence with a new, €900M budget that will be pumped into three projects across Germany, Austria and Switzerland. In addition to this, an extra €375M will be handed out over the coming five years, with this to be spent upgrading its current portfolio.
“Our department store business has achieved a remarkable milestone of having the world’s largest international presence,” said Tos, noting the group now spanned 11 countries in 120 locations after beginning as a small bookstore in Bangkok’s old town.
