Saudi Arabia's Public Investment Fund (PIF) as well as Gucci and Balenciaga's luxury conglomerate parent company Kering are reportedly both interested in a stake in Selfridges, according to the Telegraph. This follows the collapse of Signa, a major Selfridges shareholder which owns half of the department store's property company. Selfridges's other part-owner, Thailand Central Group, is reportedly looking for a new partner with Saudia Arabia's PIF among those eyeing a bid. In 2021, Saudi's PIF took a controlling 80 per cent stake in Newcastle United for £30m.

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