All Signa Holding articles – Page 2

News briefs

Largest SSU shareholder terminates unconditional equity commitment

2023-10-17T10:09:00Z

Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...

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SSU lands €150 million in funding, says worst of market disruptions are over

2023-06-28T07:31:00Z

Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...

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Court ends insolvency proceedings of Galeria Karstadt Kaufhof

2023-05-31T10:08:00Z

By order of a German district court, the insolvency proceedings of the Galeria Karstadt Kaufhof (GKK) department store group will come to an end at the close of May 31. This makes legally binding the insolvency plan for the department store chain, which was approved by the creditors’ meeting of ...

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Signa Group company places a green bond

2021-07-19T14:47:00Z

Signa Development Selection (SDS), a real estate investment company that belongs to Signa Holding, has successfully issued its first green bond. The €300 million bond carries a five-year maturity and a coupon of 5.50 percent a year. Placed with mainly European institutional investor, it was significantly oversubscribed, and 100 percent ...

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Benko gets 92.5% of Signa Holding

2020-09-14T05:57:00Z

René Benko, the Austrian investor, is raising his indirect stake in Signa Holding to 92.5 percent by financing the bulk of a €485 million equity increase through the holding companies that he controls, according to Bloomberg and various Austrian media. Another shareholder, the Swiss-based investor Ernst Tanner, will see his ...