René Benko
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René Benko
René Benko (born 20 May 1977) is an Austrian real estate, media and retail investor and founder of the Signa Holding. The company is considered Austria's largest privately held real estate conglomerate. Benko is one of the richest Austrians. Numerous controversies have surrounded Benko’s professional career. Life Benko was born in Innsbruck, Tyrol, Austria as the son of a local government employee and nursery schoolteacher and studied at a business school. At the age of 17 he gained his first experience of the real estate sector in a building company owned by an acquaintance. He subsequently dropped out of school because his overriding interest in the real estate business had led to him missing too many lessons. Benko lives mainly in Innsbruck, Tyrol. He is married for a second time and has four children. Apart from that, little is known about Benko's private life. Business activities Foundation and first investments At the end of 1999 Benko founded the two-person ...
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Innsbruck
Innsbruck (; bar, Innschbruck, label=Bavarian language, Austro-Bavarian ) is the capital of Tyrol (state), Tyrol and the List of cities and towns in Austria, fifth-largest city in Austria. On the Inn (river), River Inn, at its junction with the Wipptal, Wipp Valley, which provides access to the Brenner Pass to the south, it had a population of 132,493 in 2018. In the broad valley between high mountains, the so-called North Chain in the Karwendel Alps (Hafelekarspitze, ) to the north and Patscherkofel () and Serles () to the south, Innsbruck is an internationally renowned winter sports centre; it hosted the 1964 Winter Olympics, 1964 and 1976 Winter Olympics as well as the 1984 Winter Paralympics, 1984 and 1988 Winter Paralympics. It also hosted the first 2012 Winter Youth Olympics, Winter Youth Olympics in 2012. The name means "bridge over the Inn". History Antiquity The earliest traces suggest initial inhabitation in the early Stone Age. Surviving Ancient Rome, pre-Roman pla ...
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Manager Magazin
''Manager Magazin'' (stylized as ''manager magazin'') is a German monthly business magazine focusing on business, finance and management based in Hamburg, Germany. History and profile ''Manager Magazin'' was first published on 1 November 1971. It is part of the Spiegel Group which also owns ''Der Spiegel'' among others. The magazine is based in Hamburg and is published monthly by the Manager Magazin Verlagsgesellschaft. Since 1986 Gruner + Jahr has a 24.9 percent share in the publisher of the magazine. The other owner of its publishing house is the Spiegel Group. As of 2013 Steffen Klusmann was the editor-in-chief of the monthly. ''Manager Magazin'' has a liberal stance. The magazine targets professional decision makers and managers in Germany. It covers business news, related data and background information concerning all economic areas. The online edition of the monthly was launched in 1998. The magazine has a lifestyle supplement, ''Splendid'', which covers articles on fash ...
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Karstadt
Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was responsible within the group for the business segment of over-the-counter retail. On 9 June 2009 Essen District Court ordered provisional asset administration and protective measures in response to an application for the opening of insolvency proceedings. It also appointed a provisional insolvency administrator. The insolvency proceedings were opened on 1 September 2009. On 7 June 2010 the board of creditors resolved to sell Karstadt Warenhaus GmbH to the investor Nicolas Berggruen. Berggruen had taken over all Karstadt stores by 1 October 2010. This had been determined by Essen District Court on 3 September 2010. On 14 August 2014 it was announced that Karstadt had been completely taken over by Signa Holding of the Austrian investor René Benko, which ...
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Kaufhaus Des Westens
The Kaufhaus des Westens (), abbreviated to KaDeWe, is a department store in Berlin, Germany. With over of retail space and more than 380,000 articles available, it is the second-largest department store in Europe after Harrods in London. It attracts 40,000 to 50,000 visitors every day. The store is located on Tauentzienstraße, a major shopping street, between Wittenbergplatz and Breitscheidplatz, near the heart of former West Berlin. It is technically in the extreme northwest of the south Berlin neighborhood of Schöneberg. Since 2015, KaDeWe has been owned by the Central Group, a Thailand-based international department store conglomerate. History Empire and Weimar Republic: the Jandorf Era The businessman Adolf Jandorf had opened six stores for basic needs with his company ''A. Jandorf & Co.'' in Berlin by 1905. Like the competitor stores ''Wertheim Leipziger Strasse'' (1894) and the ''Warenhaus Tietz'' (1900), also on Leipziger Strasse, Jandorf wanted to cater for the ...
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Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the States of Germany, German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the List of cities in Germany by population, third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the List of cities in the European Union by population within city limits, 11th-largest city in the European Union. The Munich Metropolitan Region, city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Northern Limestone Alps, Bavarian Alps, Munich is the seat of the Bavarian Regierungsbezirk, administrative region of Upper Bavaria, while being the population density, most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialects, Bavarian dialect area, ...
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Hyatt
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. The Hyatt Corporation owned by Isaiah Giles came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018. In August 2021, Hyatt Hotels Corporation (NYSE: H) acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates ...
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Property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights. In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will (rather discretion) with rega ...
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Bank Austria
UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 96.35% owned by Milan-based UniCredit. It was formed in 1991 by merger of Vienna's Länderbank and Zentralsparkasse, acquired Creditanstalt-Bankverein in 1997, and merged with it to form Bank Austria-Creditanstalt (BA-CA) in 2002. Its name reverted to Bank Austria in 2008, as UniCredit, the bank's owner since 2005, phased out the history-laden Creditanstalt brand. History Bank Austria was formed in 1991 by the merger of the troubled Länderbank and Vienna's Zentralsparkasse, in practice a takeover of the former by the latter led by its general director ; the merged entity became Austria's largest bank. In 1996, the Austrian government announced the privatization of Creditanstalt-Bankverein, in which it held a majority stake. In January 1997, Bank Austria acquired the stake for about 1.25 billion euros. In turn, Bank Austria sold a majority stake it held in GiroCredit for 8.24 billion ...
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Länderbank
The Länderbank, full original name k. k. privilegierte Österreichische Länderbank () was a major Austrian bank, created in 1880. In 1922 its head office was moved to Paris under the name Banque des Pays de l'Europe Centrale (BPEC, german: Zentral-Europäische Länderbank, ), even though its activity remained overwhelmingly in the Austrian operations. After the 1938 Anschluss the latter came under control of Dresdner Bank by the name Länderbank Wien. It was nationalized in 1946, renamed Österreichische Länderbank AG in 1948, and eventually merged in 1991 with Vienna's Zentralsparkasse to form Bank Austria, which in turn has been a subsidiary of UniCredit since 2005. Habsburg era The Länderbank was founded on as a part-owned subsidiary of Paris-based Union Générale, first chaired by Galician aristocrat . Union Generale's promoter intended it as a conservative Catholic project against the financial power of the Jewish Rothschild family which led Austria-Hungary's large ...
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Headquarters
Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities. In the United Kingdom, the term head office (or HO) is most commonly used for the headquarters of large corporations. The term is also used regarding military organizations. Corporate A headquarters is the entity at the top of a corporation that takes full responsibility for the overall success of the corporation, and ensures corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions such as strategic planning, corporate communications, tax, legal, marketing, finance, human resources, information technology, and procurement. This entity includes the chief executive officer (CEO) ...
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Kaufhaus Tyrol
Kaufhaus Tyrol () is the current name of a department store with a long history in the centre of Innsbruck, the state capital of Tyrol, Austria. It was built in 1908, and a new building was opened in 2010. With 55 shops, it is the largest department store in Innsbruck. Location Kaufhaus Tyrol is located in the centre of Innsbruck, now in a pedestrian area of Maria-Theresien-Straße, close to the Rathaus-Galerien and the Landhaus. History The department store was opened in 1908 as the first in Tyrol by the Jewish families Bauer and Schwarz. Under the Nazi regime, it was forced to be sold, to the German firm Ferdinand Kraus, which ran it under this name. It was destroyed in World War II and restored after the war during a 10-year period. The name Kaufhaus Tyrol was introduced in 1966. The store changed owners three more times. In 2004, it was bought by René Benko, who demolished it in 2005 and built a new store which opened in 2010. The new building caused controversy because ...
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Vienna
en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST = CEST , utc_offset_DST = +2 , blank_name = Vehicle registration , blank_info = W , blank1_name = GDP , blank1_info = € 96.5 billion (2020) , blank2_name = GDP per capita , blank2_info = € 50,400 (2020) , blank_name_sec1 = HDI (2019) , blank_info_sec1 = 0.947 · 1st of 9 , blank3_name = Seats in the Federal Council , blank3_info = , blank_name_sec2 = GeoTLD , blank_info_sec2 = .wien , website = , footnotes = , image_blank_emblem = Wien logo.svg , blank_emblem_size = Vienna ( ; german: Wien ; ba ...
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