Saudi Arabia’s Public Investment Fund (PIF) and luxury goods giant Kering are reportedly eyeing a stake in Selfridges following the insolvency of the department store’s co-owner, Signa. Interest has surged due to the collapse of Signa, which owns half of Selfridges’ property company, prompting the availability of its stake. Selfridges’ other co-owner, Thailand’s Central Group, is also seeking a new partner amid Signa’s uncertain future. With Selfridges’ ownership in flux, potential buyers are awaiting Signa’s resolution before declaring their interest in the stake, estimated at around $2.6 billion (£2 billion).