Austrian tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the co-owner of New York’s Chrysler building one of the most prominent casualties of Europe’s property crisis.

Source: https://www.irishexaminer.com/business/companies/arid-41279575.html

Previously, the two owned 50 per cent each but Signa became embroiled in financial turmoil and had to draft in restructuring experts to try and save the business from collapse after founder Rene Benko was forced out by shareholders.

Source: https://www.dailymail.co.uk/news/article-12752551/The-Thai-takeover-Family-worth-12-billion-charge-Selfridges-expert-reveals-wealthy-Bangkok-firms-targeting-British-businesses-bring-luxury-western-brands-Asia.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Signa looks in deep trouble.

Source: https://www.standard.co.uk/business/ftse-100-live-pound-dollar-stocks-shares-inflation-interest-rate-mortgage-b1118308.html