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Related Special Reports
...Its assets include stakes in New York’s Chrysler building, London’s Selfridges and KaDeWe, Germany’s famous department store....
...No charges have yet been filed. The investigation is one of several relating to Signa that the WKStA has been asked to look into....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
...And here’s what else I’m keeping tabs on today: Sam Bankman-Fried: Prosecutors are seeking up to 50 years of prison time for the FTX founder at his sentencing today, after he was convicted on multiple counts...
...They’re super high in calories, easy to store, and basically everywhere....
...Such a measure may be revisited in the future — though no timetable has been given by the health ministry....
...Reeves’s spokesman said Labour had “no plans for further tax rises beyond those we have announced to fund our public services, including our schools and hospitals”....
...There has been no discernible impact from improving consumer confidence metrics in the Conservative party’s polling figures....
...For less formal dining, the Park Hyatt also has the Lobby Lounge: club sandwich territory....
...No it won’t.”...
...Every few weeks, she spends as much as HK$2,000 (US$256) in Sam’s Club, an American membership warehouse chain, in Zhuhai. “Things are much cheaper than Hong Kong,” said Leung, in her 40s....
...Without the money, the two businesses will have no option but to try to sell their assets in an already troubled commercial property market....
...Zauner said he could not explain why no digital copies had been made....
...Staff who were connected to the business with Signa would receive no bonus for 2023, they added....
...While the Black Friday discounts boosted sales growth last month, the expansion was broad-based with higher sales volumes for food, households, online and fuel stores, suggesting some resilience in consumer...
...‘Message of fear’: Ahead of this month’s elections, the Kremlin has made clear it will no longer tolerate a competitive electoral landscape....
...Marc Filippino Sam Jones is the FT’s acting Berlin correspondent. Thank you, Sam. Sam Jones Thank you....
...Advisers, investors and lenders who have spoken to the Financial Times have all said the same thing: no one seems to know exactly who has a claim to what....
...OpenAI co-founder Sam Altman has left the company abruptly after losing the confidence of the board, according to a statement on Friday from the Microsoft-backed artificial intelligence pioneer....
...The two companies own the majority of Signa Group’s most important property assets — a portfolio that includes part of Selfridges in London, half of the KaDeWe store in Berlin, and the Chrysler building...
...Germany’s biggest department store chain, Galeria Karstadt Kaufhof (GKK), which is owned by Signa and has itself struggled financially for years, said on Wednesday there was no immediate impact from Signa...
...It has previously stated that it had no intention of signing a 99-year lease....
...The use of freeports to store valuable art — which shield it from taxation — has also come under particular scrutiny....
...Data from The Block shows that the percentage of bitcoins that has changed hands in recent weeks has ticked up a little but no sharp deviation from long-term averages....
...Two people familiar with the discussions said no deal had been reached with Elliott and Signa was running out of options to secure urgently needed funding....
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