Selfridges Owner Benko to Give Up Control of €23 Billion Empire

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Selfridges Owner Benko to Give Up Control of €23 Billion Empire
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(Bloomberg) -- Signa Holding GmbH founder Rene Benko is ready to hand over control to a restructuring expert, according to Hans Peter Haselsteiner, a...

-- Signa Holding GmbH founder Rene Benko is ready to hand over control to a restructuring expert, according to Hans Peter Haselsteiner, a shareholder in the company that co-owns London’s Selfridges department stores and New York’s Chrysler Building.Intuit Is Closing Personal-Finance App Mint, Shifts Users to Credit Karma

His departure would mean the end of an era for the company, which has long drawn questions about its exponential growth and complex dealings, including with Europe’s most prominent billionaires. If approved, the first task of Geiwitz would be to plug funding gaps that have halted construction work, including at Signa’s flagship Elbtower project in Hamburg, Germany.

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