Swiss department stores Globus are now under Central Group’s Thai governance

On September 30, Thailand-based Central Group (sales of €3.3 billion for Central Retail in H1 2024 up 6%), completed ownership of Switzerland’s Globus. Although the chain was acquired through a 50% joint venture with Signa in 2020, Central Group has purchased all the shares from the ailing Austrian company. While Central Group and Signa will remain joint owners of Globus’s property company, no information on the transaction value or whether job levels will be maintained has been disclosed.

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