Finance

Canadian billionaire family wants to sell the Bijenkorf to Thai company

De Bijenkorf, together with the well-known British department store Selfridges, will be in Thai hands. An insider confirms this to Bloomberg news agency after reports in British media.

Central Group was not immediately available for comment. De Bijenkorf refers to Selfridges, which does not want to comment. Selfridges is still owned by the Canadian Weston family. He has been trying to sell Selfridges for a long time.

UK, Ireland and Canada

Selfridges is best known for its department stores of the same name. Of these, four are in the United Kingdom, with the large store in London being the best known. The group also has stores in Ireland and Canada.

And in the Netherlands, Selfridges has owned the Bijenkorf since 2011. It has seven branches in our country.

KaDeWe and Rinascente

Central Group is not yet well known in the Netherlands, but it is the largest department store chain in Thailand. It also owns well-known department stores in Europe, such as KaDeWe (Kaufhaus des Westens) in Berlin and the Rinascente department stores in Italy.

In June, it was announced that the Weston family was considering selling Selfridges. Then several media reported that an unknown bidder would pay 4 billion pounds (4.6 billion euros) for the company.

Once together with HEMA and V&D

De Bijenkorf was once listed on the Amsterdam stock exchange, under the name KBB, which then also included HEMA. In the late 1990s, KBB was bought by Vendex, the company behind, among others, V&D.

Later, Vendex KBB was bought by a group of investors. Some parts went bankrupt, such as V&D, others were sold, such as the Bijenkorf.

De Bijenkorf once had twelve stores, but five branches were closed in 2013. The company wanted to focus more on high net worth clients.

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