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René Benko’s company Signa is filing for insolvency, casting uncertainty over a property empire that includes a stake in upscale British retailer Selfridges. Photo: georg hochmuth/Agence France-Presse/Getty ImagesThe property slump sweeping the globe has claimed a new high-profile victim: René Benko, an Austrian-born retail and department-store magnate who also co-owns New York’s Chrysler Building. Benko’s main holding company, Signa Holding, said Wednesday it is filing for insolvency in Austria. The move, similar to U.S. bankruptcy procedure, puts billions of dollars of company debt at risk and casts uncertainty over a property empire that includes stakes in the largest department store chains in Europe, upscale British retailer Selfridges and a now-stalled Hamburg tower that would have been among the tallest in Germany.
Persons: René, Signa, georg hochmuth Organizations: Selfridges, Agence France, Chrysler, Signa Locations: Austrian, Austria, Europe, Hamburg, Germany
“It’s unbelievable that 80 years after Nazi times, we go back to such times and have antisemitic acts here, in the center of Europe,” Engelmayer told CNN. “That’s not the life we want.”Swastikas were sprayed on the walls outside the Vienna cemetery. Georg Hochmuth/APA/AFP/Getty Images‘The scale is completely different’The spike in antisemitic attacks in Europe has been wide-reaching. In London, the first week after Hamas’ attacks saw a 1,353% rise in antisemitic incidents, the Metropolitan Police reported. Not to go to places which are considered Jewish, like a synagogue.”But alongside the fear, the rise in antisemitic incidents has been met with defiance.
Persons: Austria CNN —, Rabbi Jaron Engelmayer, ” Engelmayer, Oskar Deutsch, ” Deutsch, , “ That’s, Georg Hochmuth, Gérald Darmanin, Robert Habeck, Menachem Margolin, , Rabbi Engelmayer, Karl Nehammer, Tal Yeshurun, Yeshurun, ” Yeshurun, there’s, Annegret Hilse, “ We’re Organizations: Austria CNN, CNN, Wednesday, Nazi, Jewish, AFP, Getty, Metropolitan Police, European Jewish Association, Locations: Vienna, Austria, tatters, Europe, Israel, London, Germany, France, United States, Dublin, Ireland, Berlin,
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