The deal is haild as a milestone 'in the attempt to restore and restructure the KaDeWe Group operating company toward a sustainable, financially viable business.'
The insolvency of the Signa Group, an Austrian company active in various sectors, including the real estate market, has far-reaching implications. Read more…
Signa Holdings, which has stakes in the Chrysler Building and Selfridge's, has filed for insolvency putting the fortune of founder Rene Benko in the balance.