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The Austrian property group that co-owns New York's iconic Chrysler building has warned of an imminent "restructuring" that has cast a spotlight on several precarious projects -- and the wealthy tycoon behind the company.Since then, Benko has added the Chrysler building and the Berlin shopping gallery KaDeWe to the company's portfolio, while branching out into media and other sectors.
(Bloomberg) -- Cracks in the retail and property empire of Austrian billionaire Rene Benko are widening two weeks after the firm revealed its cash reserves were drying up. Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour Summit‘Fed-Friendly’ Data Lift Bonds as Stocks Struggle: Markets WrapXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Some holders of Signa Development bonds are probing w
Rene Benko’s wild ride at the helm of Signa has become another stain on Deutschland Inc
Rene Benko, one of Europe's most prominent property tycoons, on Wednesday relinquished the chairmanship of Signa Holding, the real estate empire he founded, amid an investor revolt and dimming...
(Bloomberg) -- Signa Holding GmbH replaced founder Rene Benko with a restructuring expert as a financial crunch threatens the troubled €23 billion ($25 billion) real estate group that co-owns New York’s Chrysler Building and the Selfridges department store in London. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Virginia Democrats Fend Off Republican Sweep in Win for Abortion RightsXi to Meet US Business Leaders for Dinner in San FranciscoTrump's Wealth