Mié, Jun 5th 2024
Signa Retail Selection AG, a Zurich-based company within the troubled Signa empire, has received a definitive debt-restructuring moratorium until December 2024.
Signa Retail Selection AG, part of the struggling Signa empire, has been granted a definitive debt-restructuring moratorium. According to the Swiss Official Gazette of Commerce, this Zurich-based company received the moratorium on Wednesday. The Zurich District Court extended the debt-restructuring moratorium until December 5, 2024, after being in provisional restructuring since last December.
This week, another entity within the Signa empire, Signa Financial Services AG, was also granted a definitive debt-restructuring moratorium. Similarly, in April, Signa European Invest Holding AG, which holds René Benko’s Signa conglomerate’s 50 % stake in Globus, received the same financial relief.
©Keystone/SDA
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