Tag: Insolvency
Munich: Signa gets Galeria and Oberpollinger into trouble with high rents – Munich
For the Galeria branch on Rotkreuzplatz, 18 percent of sales are due, and for Oberpollinger in the city center it should be even more. But due to their bankruptcy, the…
Signa bankruptcy costs Julius Baer’s Swiss bank boss his job – Economy
Nobody yet knows what will ultimately happen to real estate entrepreneur René Benko, whose insolvent Signa Holding is now dragging more and more companies into its downward spiral. What is…
Munich: Dispute over the insolvency of the Helping Hands facility for the disabled – Munich
The social agency Helping Hands is insolvent. The non-profit organization looks after severely disabled children, young people and adults in Munich, where other facilities reach their limits. In a letter…
Insolvency administrator gives details about the sale
After the Signa bankruptcy, the Galeria department store chain is looking for a new owner. The insolvency administrator is now providing details about the exact schedule. The sale of the…
Head of private bank Julius Baer resigns
As of: February 1, 2024 3:15 p.m The private bank Julius Baer granted more than 600 million euros in loans to the Signa Group. After its bankruptcy, the institute writes…
Benko insolvency is spreading – Julius Baer boss has to go – Economy
The collapse of investor René Benko’s Austrian Signa Group, as a result of which the department store chain Galeria Karstadt Kaufhof has already filed for bankruptcy, is spreading further –…
Signa: René Benko demands a lot of money from his bankrupt holding company
The popular expression about the naked man whose pocket you reach into (in vain) may be worn out. But it aptly symbolizes a hopeless undertaking: where there is nothing more…
Munich: What’s next for the Oberpollinger luxury department store – Munich
The business in the best location is doing excellently – but the traditional company has nevertheless found itself caught up in the maelstrom of the bankruptcy of René Benko’s Signa…
Signa insolvency: Galeria, SportScheck and Co – René Benko’s bankrupt empire
At the end of November 2023, Signa Holding filed for bankruptcy, and since then the empire of the Austrian billionaire René Benko has continued to crumble. In addition to the…
Evergrande insolvency: Court orders China’s crisis property developer to be dissolved – Economy
In the real estate crisis in China, a court has reportedly ordered the dissolution of the heavily indebted China Evergrande company. Judge Linda Chan made a corresponding judgment on Monday…