The billionaire dynasty behind Selfridges & Co. has sold the British department store operator to a consortium led by Thai conglomerate Central Group.

The predecessor to Anna Wintour, she oversaw the magazine throughout the 1970s and 1980s.

The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said.

Depending on Chantecaille’s future performance, the enterprise value of the deal could range from $590 million to $690 million, Beiersdorf said.