According to sources from

Bloomberg

and

The Times,

the Dutch retail chain de Bijenkorf will

soon be in Thai hands.

The company is now owned by the British Selfridges Group, which in turn has been put up for sale by Canadian owner Weston Group.

Weston and the Thai conglomerate Central Group have reached an agreement on the sale of Selfridges, according to both media.

In addition to the Bijenkorf, Selfridges also has stores under its own brand name in the United Kingdom and also operates chains in Ireland and Canada, among others.

All those stores would now be owned by the group that manages the stores of the German store chain KaDeWe and the Italian department store.

Selfridges and Central Group declined to comment on the news.

No one was available at the Bijenkorf for the time being.

De Bijenkorf has changed owners more than once

There had been rumors for some time that the Selfridges Group was up for sale.

Neither party has officially confirmed this yet, but

The Guardian

wrote in July that Weston was considering a sale for $4 billion (3.5 billion euros).

It is not the first time that the Bijenkorf has changed hands.

HEMA originally belonged to the same parent company, Koninklijke Bijenkorf Beheer (KBB).

That later went together with Vendex, the company behind the V&D department stores.

In 2004, that came into the hands of investors.

In 2010, the Canadian family became the owner of the chain.

The Weston family already owned the well-known British department store chain Selfridges.

At the time, the Bijenkorf had twelve stores, now there are only seven.

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