Tag: owner

  • Signa: Selfridges owner files for insolvency in fresh blow for Benko

    The debt-laden parent company behind luxury department store Selfridges has filed for insolvency this morning after a last minute scramble to raise extra funds failed. Signa, which is owned by Austrian billionaire Rene Benko, made the filing today in Vienna, admitting it could not find the “necessary liquidity”. A statement, first published on the Financial…

  • Scottish Power owner to invest £12bn in Britain to support green energy

    Spain’s renewable energy giant Iberdrola has announced plans to invest nearly £12bn in Britain through 2028 in grids and green energy projects. The UK’s transport and distribution networks will get roughly two-thirds of the planned investment, including more than £2bn for subsea cables able to transport enough renewable energy to power two million households. In…

  • More talking, less dancing: UK’s largest nightclub owner to prioritise bars

    The UK’s biggest nightclub operator is looking to prioritise bars over clubs to adjust to changing tastes and priorities of British revellers. Rekom, a Danish company that operates 36 nightclubs and 12 bars in the UK, has appointed AlixPartners to help the business’ attempts to shift focus. Alix has an established reputation for advising companies…