Retail
Arnotts and Brown Thomas owners seek extra cash from Asian parent company
Demand for funding is due to the insolvency of its bankrupt minority owner Signa
The company that owns Selfridges, which also includes Arnotts and Brown Thomas department stores, is asking its Asian parent Central Group for more cash due to the insolvency of its bankrupt minority owner Signa.
Cambridge Properties Holding Limited is in discussions with the Thai group for future financing to meet upcoming debt payments, according to accounts filed this week. The co-owner Signa Prime Selection AG applied for insolvency Thursday.
“Discussions are not yet finalized, and ...
