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German KaDeWe Files for Insolvency to Escape Signa Rents

KaDeWe department store shop front in Germany.
The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin. (Shutterstock)

The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin.

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