SIGNA European Invest Holding AG successfully concludes debt restructuring

The former holding company of participations in iconic department stores Selfridges, Globus and KaDeWe has successfully concluded a debt restructuring agreement with its creditors following the divestment of all of its participations. According to the agreement, net sales proceeds are distributed to creditors and SIGNA European Invest Holding AG will be solvently liquidated. The debt restructuring agreement was unanimously approved by the creditors and sanctioned by the court.

The Lenz & Staehelin team acted for SIGNA European Invest Holding AG and its subsidiaries in this matter. The team included Tanja Luginbühl, Roland Fischer and Anna Pellizzari (all Restructuring & Insolvency) as well as Matthias Wolf, Rebecca Khan and Nicolas Lehmann (all M&A).