Signa-Retail Company Lamarr Declares Bankruptcy

PeopleOther ♦ Published: February 4, 2024; 16:18 ♦ (Vindobona)

The highly anticipated Lamarr Kaufhaus project on Mariahilfer Straße in Vienna, set to include a flagship department store and hotel, has filed for bankruptcy. This development comes as a significant blow, as the project, originally slated for completion in 2025, has faced financial turmoil. The insolvency was confirmed by the Creditors' Protection Association KSV 1870 on Friday.

The project company behind the planned Lamarr department store on Vienna's Mariahilfer Strasse has filed for bankruptcy proceedings with the Vienna Commercial Court. / Picture: © Wikimedia Commons / Gugerell / CC0