112
Day of the decision: In Vienna it’s about René Benko’s legacy – why investors should inject even more money first
On Monday, two central Signa companies called for a meeting of creditors. It was about a central decision in the handling of the bankruptcies: an end with horror or a controlled demise.
The construction site for the planned Lamarr luxury department store in Vienna symbolizes the rubble left behind by the Signa bankruptcy.
Image: Georg Hochmuth/APA/APA
It is on Vienna’s Mariahilfer Strasse: the construction site of the building that is probably more symbolic of Signa than almost any other. We’re talking about the Leiner Building, a property that René Benko acquired with a lot of political push from then Chancellor Sebastian Kurz. The company logo is emblazoned on a construction fence along with an animated dream of the future after completion – but someone has sprayed red paint over it: “Thank you Benko.”