Signa Holdings news and archive

Karstadt interim CEO steps down

Business has not been going as smoothly as anticipated at loss-making German department store group Karstadt, which wasacquired last week by Signa Holdings. On Tuesday, the department store group announced the departure of its interim chief executive officer, Kai-Uwe Weitz. Miguel Mullenbach, the group's chief financial officer is set to take on...

Design

Signa Holdings acquires Karstadt for one euro

Karstadt, the loss-making German department store group, has finally found a new owner after months of speculationsurrounding the group's future. As of next week, Signa Retail, the daughter company of the real estate investment vehicle owned by Austrian investor Rene Benko and Israeli businessman Beny Steinmetz, Signa Holdings, will take over...