Retail expert does not see a rosy future for René Benko’s Signa company

2024-01-10 17:22:39

How widely branched and closely networked investor René Benko had set up Signa can also be seen in the many bankruptcies that are now being filed. In the wake of Signa Real Estate Management’s insolvency at the beginning of the week, its subsidiary Signa Hospitality GmbH also filed for bankruptcy on Wednesday. With two affected employees and liabilities of 573,000 euros, it is a small building block in the collapsing empire. The assets are 174,000 euros. The creditor associations AKV and KSV1870 said there are no plans to continue the company. The company had already agreed to the closure in its bankruptcy filing.

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