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Benko’s empire is collapsing: Signa Retail Shopping Mall Holding is doomed

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Another company owned by fallen Austrian real estate mogul René Benko also went bankrupt: Signa Retail Shopping Center Holding GmbH, headquartered in Zurich. (archive image)

The beginning of the bankruptcy occurred on Thursday, January 25, according to a publication in the Swiss Business Journal on Monday. This means that the debt moratorium launched on December 8 and granted for four months has failed.

The company owns 100 percent of German sporting goods retailer SportScheck, which filed for bankruptcy at the Munich district court at the end of November, according to business information platform CRIF Teledata. In addition, Signa Retail Shopping Center Holding GmbH holds 11.63 percent of German online fashion retailer Dressforless, which is in pre-bankruptcy proceedings, according to CRIF Teledata. (SDA)

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Tim

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.

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Tim

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.

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Benko’s empire is collapsing: Signa Retail Shopping Mall Holding is doomed

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