Signa’s Lofty Property Valuations Point to Brutal Pain to Come
The Upper West high-rise overlooking Berlin’s bustling Kurfürstendamm shopping boulevard is one of many glittering trophies in the
2023-12-02 16:49
Shipping Giants Want an End Date for Fossil Fuel-Only Vessels
Europe’s biggest container lines want to phase out ships powered only by fossil fuels. The proposal was announced
2023-12-01 22:22
UniCredit Lent About $650 Million to Benko’s Troubled Signa
UniCredit SpA has lent about €600 million ($655 million) to companies that are part of Austrian tycoon Rene
2023-12-01 17:56
South Africa Will Provide $2.5 Billion Guarantee to Transnet
South Africa’s National Treasury agreed to provide a 47 billion-rand ($2.5 billion) guarantee facility to Transnet SOC Ltd.,
2023-12-01 14:49
Signa Insolvency Engulfs Galeria Stores, Halts Frasers Deal
The insolvency of Signa Holding GmbH is starting to cause ripple effects across Rene Benko’s property and retail
2023-11-30 23:46
Signa Files for Insolvency as Cash Crunch Fells Luxury Empire
Tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the
2023-11-29 18:57
Shein’s IPO Plan to Fuel Scrutiny Over Cotton, Roots in China
Fast-fashion retailer Shein has a lot of work to do to convince skeptics that the runway is clear
2023-11-29 05:56
Citi Is in Group That Lent Money to Insolvent Signa Unit
Citigroup Inc. is among lenders that have provided credit to a now-insolvent unit of Rene Benko’s Signa group
2023-11-29 02:16
The Hong Kong Judge Who Puts Fear Into China’s Deadbeat Builders
In Courtroom No. 29, a gray, musty cubbyhole of a space wedged into the heart of Hong Kong’s
2023-11-28 08:18
Netherlands Backs Chinese-Owned Nexperia’s Takeover of Nowi
Chinese-owned Nexperia BV’s acquisition of chip firm Nowi Energy BV won approval from the Dutch government, which has
2023-11-27 23:27
Signa Insolvency Wave Nears as Last-Ditch Fund Talks Falter
Rene Benko’s €23 billion ($25 billion) retail and property empire is on the cusp of a wave of
2023-11-27 20:45
Julius Baer to Review Private Debt Business Over Signa Exposure
Julius Baer Group Ltd. is reviewing its private debt business after running up an exposure of 606 million
2023-11-27 15:51