Selfridges Thai co-owner admits £4bn price tag was too high

Selfridges co-owner Tos Chirathivat, the executive chairman and CEO of Thailand’s Central Group, has admitted that the £4bn acquisition of Selfridges and several other European luxury department stores was too high a price, especially in light of rising global interest rates.
In his first interview since the 2021 purchase, Chirathivat told the Financial Times the price was “high” in hindsight.
“You would want the lowest price possible to buy something… is &po