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Thailand's Central Group buys Berlin's insolvent KaDeWe store

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. Central currently holds a 50.1% stake in the group, while 49.9% belong to the Signa ....

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Thailand's Central Group buys Berlin's iconic KaDeWe store building

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. In addition to the famed high-end KaDeWe store in Berlin, which was founded in 1907 ....

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Signa company failed due to illicit financial transactions, creditors allege

Claim contradicts earlier findings that company, which part owns Brown Thomas and Arnotts, founded on rising interest rates and their impact on property valuation models ....

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