Central Group

Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.

The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.

As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling.

Thailand's Central Group is buying the Thai business of fashioned-focused e-commerce site Zalora, as announced by a unit of the group.

Thailand is expecting a record 32 million tourists this year — good news for the country's luxury retailers.