Teller Report

(m+) End of a failed stock market outing: René Benko takes his sports business off the stock exchange

10/2/2023, 5:31:31 PM

Highlights: René Benko takes his sports business off the stock exchange. Benko listed his online retail subsidiary Signa Sports United on the New York Stock Exchange. The value has been pulverized, the company has "serious liquidity and profit challenges" Now the restructuring is to succeed quietly – with a new boss. The new boss will take over from Benko at the end of the year. The company has been restructured to focus on its online retail business. The restructuring will take place at the start of the new year.

It was not until the end of 2021 that the billionaire listed his online retail subsidiary Signa Sports United on the New York Stock Exchange. Meanwhile, the value has been pulverized, the company has "serious liquidity and profit challenges". Now the restructuring is to succeed quietly – with a new boss.


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Athletically on the defensive: Investor René Benko backtracks on the stock market

Photo: Georg Hochmuth / dpa

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