The Tyrol department store of René Benko’s rotting real estate empire must be taken over by the German fashion entrepreneur Patrick Cloppenburg. Horn Grundbesitz GmbH (Liechtenstein) apparently wants to gain the only control over the Tyrol department store.
The German fashion entrepreneur Patrick Cloppenburg wants to take over the Tyrol department store in Innsbruck. According to a message from the Federal Competition Authority (BWB), Horn Grundbesitz GmbH (Liechtenstein), a subsidiary of JC Luxembourg who holds SCSP (Luxembourg), wants to gain the only control over the Tyrol department store. The director is Cloppenburg, 42, owner of the fashion chain Peek & Cloppenburg. The BWB was already reported on June 6.
About 140 million euros
Until recently, Patrick Cloppenburg was the head of the Board of Directors of the Swiss JC Switzerland Holding, in which the threads of the Peek & Cloppenburg Group collection. He has withdrawn and apparently invested in real estate.
The selling price must be “in a range of 100 to 150 million euros”. Media report that “the deal can now last around 140 million euros”.
Benko’s former Showcase project
The Tyrol department store was once the showcase project of the Signa Group by René Benko. The former financial juggler has been in custody since January. The office of the economic and corruption officer of justice accuses him, among other things, the falsification of the wealth, the presence of wealth, unfaithfulness and deception.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
