The parent company of zum magazine Globus AG, as the department store group is called, has submitted an application for debt deferral to the responsible court.
Globus’s operating business is not affected by this measure.
The company said the move aims to prevent Swiss Signa Retail Selection AG from relying on the insolvency procedures of its Austrian parent company. It will be separated from the parent company and liquidated in an orderly manner.
“Independent of the bankruptcy of the Signa Group”
“This step enables the board and management, in cooperation with the manager, to deal with the business in an orderly and transparent manner on their own responsibility and independently of the insolvencies of the rest of the Signa Group,” said Christian Wenger, Chairman of the Board of Directors. In the report.
legend:
Globus department stores are under pressure after Signa Group declared bankruptcy.
Keystone / Laurent Gilleron
The Board of Directors assumes that it will be able to settle all external liabilities and sell assets in a well-organized and orderly process over the next few months.
SRF News 4, November 29, 2023, 9:00pm; apw/hosb;widb
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