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The Thai retail group, which already has a majority stake in the operating company that controls Selfridges, could take control of the retailer's property division following the collapse of its JV partner Signa.
Central Retail, which already controls Selfridges' operating company, could take over the retailer's property arm following the collapse of Signa.
FRANKFURT (Reuters) -Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts...
FRANKFURT (Reuters) -Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros ($1.28 billion), the KSV creditor protection association said. Signa on Thursday had said that the development division, as well as its big business Signa Prime, would be filing for insolvency this week, in what was a significant twist in the unravelling of founder Rene Benko's real estate empire. Signa Development has 39 projects in the works, according to KSV.
Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros , the KSV creditor protection association... -December 29, 2023 at 03:27 am EST - MarketScreener