Embattled Austrian property and retail giant Signa Holdings has sold its shares in the Selfridges Group to Saudi Arabia’s Public Investment Fund (PIF). The multi-billion-euro deal is the latest in a series of sales by the company since it was declared insolvent in November 2023. Previously led by Austrian tycoon René Benko, Signa collapsed with debts of around five billion euros. The sale of its 40% stake in the Selfridges Group will see PIF join forces with Thailand’s Central Group to secure ownership of Selfridges, the iconic London department store. Ireland’s Arnotts department store and th…