Claims Reach Billions Of Euros

Signa Holding Faces Massive Claims and Insolvency

Claims Reach Billions of Euros

Signa Holding, a prominent European real estate and retail company, is facing a staggering amount of claims, totaling 8613 billion euros (932 billion), according to its court-appointed manager.

Signa Holding's Financial Woes

The company, which owns notable department stores like Selfridges and KaDeWe, had previously reported outstanding liabilities of just under 2 billion euros at the end of 2022. However, the recent surge in claims has significantly worsened Signa Holding's financial situation.

Insolvency Filings

Adding to its challenges, three more divisions of Signa Holding have filed for insolvency, further escalating the crisis. The company's assets are valued at approximately 27 billion euros, but its liabilities now greatly exceed that figure.

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