Signa Holding news and archive

Signa Group raises 1.2 billion euro in equity

The Austrian retail and real estate group Signa Holding GmbH executed a capital increase of 700 million euros (around 775 million US dollars or 622 million British pounds) by its existing shareholders last week. Moreover, its largest subsidiary Signa Prime Selection AG, as the flagship real estate company of the Signa Group, will execute a 500...

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HBC merges its European business with Signa’s Karstadt

Hudson’s Bay Company (HBC) has entered into definitive agreements with Signa Retail Holdings, to form a strategic partnership for its European retail and real estate assets. The development would see HBC Europe's retail operations merge with Signa's Karstadt Warenhaus GmbH, with HBC taking a 49.99 percent interest in the combined businesses....

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HBC refutes media reports suggesting finalisation of Signa JV

Hudson’s Bay Company has clarified through a statement that contrary to recent reports it has not signed a binding agreement to sell or combine its European business or properties. Media reports suggested that it has entered into a deal to sell half of its European business to Austria’s Signa Holding. The reports stated that development would...

Business

Hudson’s Bay to sell half its European business to Signa - report

Hudson’s Bay Company (HBC) and Austria’s Signa Holding have signed a deal that would see HBC selling around half of its European business to Signa. The development would bring two major German department store chains Kaufhof and Karstadt together, reports Reuters quoting German magazine WirtschaftsWoche. A “proposed merger of equals for the...

Business

HBC in talks with Signa for Kaufhof JV

Hudson’s Bay Company (HBC) is said to be in talks with Austrian property and retail group Signa Holding GmbH to form a joint venture for its German retail chain Kaufhof, reports Reuters quoting sources familiar with the development. Canada-based HBC had earlier rejected Signa’s 3 billion euros (3.7 billion dollars) bid for Kaufhof earlier this...

Business

Hudson’s Bay Company rejects Signa offer for its German business

Hudson’s Bay Company (HBC) has announced that after a review and consideration conducted in consultation with financial and legal advisors which included an in-person meeting with Signa Holding GmbH and its advisors, the company’s board of directors has unanimously rejected the unsolicited proposal to acquire the German business and related real...