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Central Group took control of Swiss luxury department store chain Globus from Rene Benko’s insolvent Signa group, the latest transfer from the Austrian financier’s retail unit to the Thai conglomerate.
The deal, announced on Monday, covers only the company operating the stores and doesn’t change the ownership of the respective buildings, which occupy prime locations in the commercial areas of Switzerland’s main cities. Central didn’t disclose financial details of the agreement.
The…
