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Bangkok Post
Bangkok Post
Business

Central Group plans $1.3bn push in Europe after Selfridges

Central Central Group Selfridges Europe e-commerce Thailand
An aerial view of Selfridges Group’s iconic store in London’s Oxford Street. (Photo: Central Group)

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.

Central has budgeted 900 million euros to invest in three projects in Germany, Austria and Switzerland, a company spokesperson said, with an additional €375 million allocated over the next five years to upgrade existing stores.

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