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Report: Signa subsidiary SportScheck files for insolvency

2023-11-30T12:09:23.190Z

Highlights: Report: Signa subsidiary SportScheck files for insolvency. German sporting goods chain must therefore also file for insolventcy. Original plan was to sell SportS check to British fashion house Frasers. More to come on Thursday (30 November) at 12:58 p.m. local time (1:58pm local time) in Munich. For confidential support call the Samaritans in the UK on 08457 909090, visit a local Samaritans branch or click here for details.



Last updated: 30.11.2023, 12:58 p.m.

By: Lisa Mayerhofer

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A SportScheck branch in Munich's city centre. (Archive photo) © Lino Mirgeler / dpa

The real estate and retail holding company Signa, owned by Austrian investor René Benko, is insolvent. Now, according to the report, the Signa subsidiary SportScheck is also affected.

Munich – Following the insolvency of Austrian billionaire René Benko's real estate and retail holding company Signa, the Signa subsidiary SportScheck will also be hit on Thursday (30 November), according to a report by the textile industry. The well-known German sporting goods chain must therefore also file for insolvency. The original plan was to sell SportScheck to the British fashion house Frasers. More to come

Source: merkur

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