Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe’s property crash.

An insolvency filing by Signa Holding shines some light on the complex dealings of the umbrella organization of Rene Benko’s property and retail empire. The court application, seen by Bloomberg ...

Signa Holding, the embattled co-owner of the Chrysler Building, was ordered by an Austrian court to sell its stake in the iconic New York City skyscraper. A month after the company declared ...

Signa is holding last-ditch talks with investors, hoping to secure a funding lifeline and avoid a wave of insolvencies in the €23 billion ($25 billion) property empire. One unit of the sprawling ...

FRANKFURT, Dec 18 (Reuters) - A Columbia University economist has become an unwitting victim of the unravelling of Rene Benko's real estate empire Signa, as the ripple effects of Europe's biggest ...

VIENNA, Nov 9 (Reuters) - Banks in Austria had 2.2 billion euros ($2.35 billion) in exposure in mid-2023 to indebted property and retail giant Signa Group, owner of New York's Chrysler Building ...

VIENNA/FRANKFURT (Reuters) - Signa Group founder and prominent European property tycoon Rene Benko is handing over chairmanship of the real estate company he founded to restructuring expert Arndt ...

Rickenbacher's exit occurred after the bank reported 586 million Swiss francs ($646 million) of losses on loans to Signa, the property firm of fallen Austrian tycoon Rene Benko. Bringing the ...

Derek Saul has covered markets for the Forbes news team since 2021. Chief among the assets listed for sale are Signa’s private jet and 50% of the Chrysler Building, which Signa acquired in 2019 ...

Signa Prime and Signa Development, the two holding companies that own the bulk of the wider Signa Group’s property assets, wrote to shareholders just days before Christmas urging them to stump ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The crisis-hit Signa Group sold half of its prized KaDeWe department store building for a fraction of the ...