Lenz & Staehelin advises Swiss SIGNA luxury retail companies on restructuring proceedings and sale of participations

The three Swiss SIGNA entities SIGNA European Invest Holding AG, SIGNA European Invest AG and SIGNA Retail Luxury Holding GmbH, all acting under the protection of a definitive composition moratorium in Switzerland, have made significant progress in their restructuring attempts. Most recently, SIGNA Retail Luxury Holding GmbH has entered into an agreement to sell its participation in the operating company of the Globus luxury department stores and certain entities related to the KaDeWe department store to the current joint venture partner Central Group of Thailand. Completion of the transaction is subject to customary closing conditions. 

Lenz & Staehelin advises the three Swiss SIGNA entities alongside McDermott, Will & Emery on all aspects of the restructuring proceedings and transactions.