Austrian Billionaire René Benko Struggles as Globus Seeks New Investors

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Tensions were high last week at Bärengasse 29 in Zurich. Austrian billionaire René Benko, who is at the helm of Signa, is facing financial difficulties. The situation for the Swiss department store is becoming increasingly precarious as Benko’s funds are dwindling.

What was supposed to be a routine quarterly meeting with Thai investors took a different turn. For the past few weeks, nothing has been normal in the 46-year-old’s empire. In fact, everything seems to be going against Benko.

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