[ad_1] FRANKFURT: European property company Signa on Thursday said that two key divisions are filing for insolvency, a significant development in the unravelling of founder Rene Benko’s real estate empire.…
Tag: Signa
Signa Development Says Insolvency Filing Likely in Near Term
[ad_1] Signa Development Selection AG, one of the major units of the retail and real estate empire founded by Rene Benko, is facing insolvency as a result of a cash…
Signa administrator sacks company’s party planners, hunters and jet crew
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The administrator for the company at the centre of…
Eyes on ‘elevation strategy’ progress as Frasers reveals latest trading
[ad_1] Eyes on ‘elevation strategy’ progress as Frasers reveals latest trading Evening Standard [ad_2] Source link
Signa unravelled: inside René Benko’s debt-laden property empire
[ad_1] Over two decades, René Benko grew his Signa property empire from humble beginnings fixing up apartments in his home city of Innsbruck to its apex as one of Europe’s…
European Property giant Signa files for bankruptcy in Austria
[ad_1] Austrian tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the co-owner of New York’s Chrysler building one of the most…
European luxury property group Signa files for administration
[ad_1] The European property giant that owns half of New York’s Chrysler Building, almost all of Germany’s biggest department stores and part of Selfridges in London filed for administration on…
Europe’s Signa toppled in property rout
[ad_1] A view of the sign of Signa Holding on their headquarters in Vienna, Austria, November 6, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing Rights VIENNA/FRANKFURT, Nov 29 (Reuters) – Property…
Struggling European property group Signa held rescue talks with Elliott
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crisis hit Austrian property business Signa Group held talks…
Signa likely to make further insolvency filings – source
[ad_1] View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. REUTERS/Fabian Bimmer/File Photo Acquire Licensing…