Swiss SIGNA luxury retail companies divest participation in Selfridges Group

The three Swiss SIGNA entities SIGNA European Invest Holding AG, SIGNA European Invest AG and SIGNA Retail Luxury Holding GmbH have sold their participation in Selfridges Group to The Public Investment Fund of Saudi Arabia. This transaction marks another important milestone in the restructuring attempts pursued by the three Swiss SIGNA entities and paves the way for negotiations with creditors.

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

The team includes Tanja Luginbühl, Roland Fischer and Anna Pellizzari (all Restructuring & Insolvency) as well as Matthias Wolf, Rebecca Khan and Nicolas Lehmann (all M&A).