What: Central will invest over the next 5 years a bit more than a half of the total Selfridges purchase price in its strategic development.

Why it is important: So far, it is all about stores revamping and expansion, but this might change as new opportunities might arise.

Central Retail Corporation plans to invest $3.03 billion in expansion during the next five years, as the “CRC Retailligence Strategy” plan aims at multiplying the revenue by 2.5 times.

This investment plan needs to be compared to the $5 billion purchase made in cooperation with Signa holding for the Selfridges group, suggesting, as confirmed by the CEO Yol Phokasub that the planned investments will be dedicated to stores revamp and expansion rather than new acquisitions. This needs to be taken with some cautions though, as some opportunities might come on the market (such as the sale of the Fenwick flagship store location in London).

Central Retail plans an investment of $3 billion in the next 5 years