Department stores: Central Group wants to buy Signa Holding’s property assets

Featured image of the article Department stores: Central Group wants to buy Signa Holding’s property assets

An article by Morgane Monteiro and Sophie Baqué

Publication

3 April 2024 à 17h26

Updated on 9 April 2024 à 14h59

Reading time

1 minute

Publication: 3 April 2024 à 17h26, Updated on 9 April 2024 à 14h59

Reading time: 1 minute

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An article by Morgane Monteiro and Sophie Baqué

Publication

3 April 2024 à 17h26

Updated on 9 April 2024 à 14h59

Reading time

1 minute

Publication: 3 April 2024 à 17h26, Updated on 9 April 2024 à 14h59

Reading time: 1 minute

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According to Reuters, the luxury division of Austrian property company Signa Holding (US$ 5.5 billion in debt as of November 2023), which includes Globus in Switzerland, Selfridges in London and KaDeWe in Germany, has attracted the interest of Thai giant Central Group. Well-established in the luxury department stores’ sector in Europe (La Rinascente, a stake in Selfridges since 2022 via a 50/50 JV with Signa), the latter is interested in taking over the entire division, which is on...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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