Salvaging failed property-to-retail empire Signa turns into chaotic rush

Company's retail assets include its minority shareholding in Selfridges Group, which in turn owns Arnotts and Brown Thomas

Discussions will take place over Signa Selection unit, which holds the stake in the Chrysler Building in Manhattan.

Signa's court-appointed insolvency administrator has bemoaned a complex corporate structure and lack of management control in his first report on efforts to salvage the international property and retail empire.

The group has already begun selling off some of its assets. Discussions will take place over the Signa Selection unit, which holds the stake in the Chrysler Building in Manhattan.