Selfridges shareholder Signa has filed for insolvency just weeks after the business was plunged into financial turmoil.
Rene Benkos retail and property empire was toppled by a cash crunch on Wednesday after a Vienna court declared the business insolvent.
The development will raise questions over Signas minority shareholding in Selfridges after it recently gave up control to Thailands Central Group.
In a statement on Monday, the company said: Despite considerable efforts in recent weeks, the necessary liquidity for an out-of-court restructuring could not be sufficiently secured, so Signa Holding GmbH is applying for restructuring proceedings with self-administration.
The insolvency will see Signa become one of t…
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