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 ...

Add Yahoo as a preferred source to see more of our stories on Google. The logo of the real estate company Signa is displayed on the facade of a high-rise building at the company's Berlin headquarters.

VIENNA (Reuters) - It was a mistake for Austrian property group Signa to venture into the retail business, since that cost it capital that was sorely missing when it tried to stave off insolvency, ...

VIENNA, June 12 (Reuters) - Austrian prosecutors said on Friday they were bringing another case against former billionaire ...

Add Yahoo as a preferred source to see more of our stories on Google. LONDON — Thailand’s Central Group has taken control of Selfridges, which it purchased in late 2021 alongside its joint venture ...

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.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The company at the centre of René Benko’s property empire more than doubled its debt in the first nine months ...

LONDON — Another division of Rene Benko’s troubled Signa property empire has filed for insolvency following the collapse of the holding company last month. Signa Prime Selection AG, which has stakes ...

Representative Image VIENNA: Austrian anti-corruption and economic crime prosecutors have wrapped up their initial investigation into the collapse of the Signa property empire and filed a report so ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Billionaire property developer René Benko has been ousted from his real estate empire Signa amid a cash crunch ...

LONDON — The restructuring is rolling ahead at Signa Holding, the Austrian commercial property giant which co-owns Selfridges with Central Group. The company was placed into administration earlier ...

Shares of Signa Sports United (NYSE: SSU) were trading as high as 4% after the market open on Wednesday. The jump came after the company reported earnings for the fiscal second quarter of 2023, where ...