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Vienna / Cologne. The countdown to the next mega-affair of René Benko is launched. By the end of July, but no later than six weeks, he could unsuccessfully obtain the long-awaited acquisition of the German chain Kaufhof. Already in 2014 Benkos Signa took over competitor Kaufhof Karstadt. The department stores were bankrupt at that time, meanwhile, the trade professionals Signa have successfully renovated Karstadt. At Kaufhof, Benko has already made several attempts – now he should be on the stretch of the house. As reported, a letter of intent concerning a joint venture was signed with the Canadian owner of Kaufhof HBC
KaDeWe planning in Vienna is in full swing
The objective is to merge Karstadt and Kaufhof. As a leak, Signa is expected to hold 51% of the shares of the new department store giant in the future and manage the operational activities under the direction of Karstadt's boss, Stephan Fanderl. Benko is expected to invest around 1 billion euros.
Luxury department store in Vienna. In Austria, Benko's plans for a luxury department store are inspired by Berlin's KaDeWe (which is also part of the Signa empire). According to reports, plans for a Viennese KadeWe are in full swing; The location is likely to become the Leiner-Haus on Mariahilfer Straße. The property was purchased by Benko at the end of 2017 – before he took over the kika furniture chains
Leiner completely and will rebuild it.
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