Rene Benko's real estate giant Signa whose vast portfolio includes New York's iconic Chrysler building on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon. Signa said it would initiate insolvency proceedings at a Vienna court on Wednesday.
Rene Benko s real estate giant Signa whose vast portfolio includes New York s iconic Chrysler building on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.
Brown Thomas and Arnotts have assured customers that the two retailers continue to operate as normal despite the stores’ Austrian part-owner, Signa, filing for insolvency.