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Thailand's Central Group buys Berlin's insolvent KaDeWe store

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. Central currently holds a 50.1% stake in the group, while 49.9% belong to the Signa

Thailand , Austria , Berlin , Germany , Hamburg , Thai , Austrian , Galeria-karstadt-kaufhof , Signa-group , Central-group , Kadewe-group , Benko-signa-group

Thailand's Central Group buys Berlin's iconic KaDeWe store building

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. In addition to the famed high-end KaDeWe store in Berlin, which was founded in 1907

Hamburg , Germany , Austria , Munich , Bayern , Berlin , Thailand , West-germany , Austrian , Thai , Galeria-karstadt-kaufhof , Signa-group

Richard Baker's Family Investment Firm to Buy Galeria in Germany

Richard Baker's investment firm to buy Germany's Galeria department stores.

Canada , Germany , Austria , Hudson-bay , Saskatchewan , Austrian , German , Richard-baker-patrick-macleod , Lucas-evans , Bernd-beetz , Richard-baker , Jack-baker

Richard Baker Bids for Galeria in Germany

Richard Baker's NRDC Equity Partners Bids for Germany's Galeria

Austria , Canada , Germany , Hudson-bay , Saskatchewan , Austrian , Richard-baker , Beth-hutchens , Lucas-evans , Jack-baker , Galeria-karstadt-kaufhof , Richard-baker-patrick-macleod

Signa company failed due to illicit financial transactions, creditors allege

Claim contradicts earlier findings that company, which part owns Brown Thomas and Arnotts, founded on rising interest rates and their impact on property valuation models

Ireland , Liechtenstein , Austria , Berlin , Germany , Austrian , Irish , Brown-thomas , Lawyers-for-signa-development , Benko-signa-group , Signa-development-selection , Chrysler

The decline of the luxury department store

The struggles of two Swiss retail institutions and the collapse of René Benko’s Signa Group reveal a waning business model.

Thailand , Cambridge , Cambridgeshire , United-kingdom , Switzerland , London , City-of , Zurich , Züsz , France , Berlin , Germany

Are luxury department stores about to check out?

This once great disruptive trailblazer of modern consumption may be no more resilient to trends than any other ordinary retailer

Germany , Berlin , Switzerland , Ireland , Zurich , Züsz , France , Cambridge , Cambridgeshire , United-kingdom , Thailand , London

The decline of the luxury department store

The struggles of two Swiss retail institutions and the collapse of René Benko’s Signa Group reveal a waning business model.

Germany , Zurich , Züsz , Switzerland , Thailand , France , London , City-of , United-kingdom , Berlin , Cambridge , Cambridgeshire

The decline of the luxury department store

The struggles of two Swiss retail institutions and the collapse of René Benko’s Signa Group reveal a waning business model

Switzerland , Swiss , Benko-signa-group , Signa-group , News , Ggregator , Reaking-news , Uration , Edia ,

Hamburg Elbtower skyscraper builder files for insolvency

After the construction of one of Germany's tallest buildings suddenly came to a halt in October, the owner of the Elbtower property, Elbtower Immobilien, has filed for insolvency, the city of Hamburg said on Friday. The insolvency allows the city to assert its repurchase right and take over all planning and construction contracts, the city development authority said. The construction site has been at a standstill since the end of October 2023 because the contracted construction company's invoice

Austria , Germany , London , City-of , United-kingdom , Hamburg , Austrian , David-chipperfield , Elbtower-immobilien , Benko-signa-group , Signa-group , Onstruction-contracts