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Two Signa subsidiaries file for insolvency, Selfridges seeks financing

Two key subsidiaries of the already insolvent Signa Group have filed for bankruptcy in what is the latest development in the downfall of the international retail empire. Both Signa Development Selection and Signa Prime Selection filed for insolvency last week, with the latter – a stakeholder in Selfridges and KaDeWe – believed to have already...

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