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The boss sends a calming pill: According to CEO Franco Savastano (57), the Globus store chain is not at risk in any way, despite the bankruptcy of the Signa Group. Globus’s boss said in the TV program CEO Talk, broadcast on the regional channel “Tele Züri” on Tuesday, that liquidity has been provided and operational affairs are going well.
According to Savastano, Signa’s problems are more of a “shareholder issue.” Besides Signa, the second shareholder, Thai Central Group, is “fully behind Globus”. He is also quite confident that a solution will be found for Signa stock soon.
Unlike in Germany, there is no construction stoppage
The Globus CEO also does not want to know anything about the alleged withdrawal of suppliers. “We have close relationships with our suppliers who have been with us for decades.” Renovation work will also continue at the Globus store in Bellevue, Zurich, and the store is planned to reopen in autumn 2024.
There is also a large Globus construction site in Basel. Unlike Germany, where several construction sites belonging to the Signa Group have stopped, work at Globus continues normally.
René Benko (46), who pushed Signa into bankruptcy, took over Globus from Migros together with Merkez Group in 2020. The deal covered both department store operations and eight Globus properties in prime locations. (SDA/sfa)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
