Central Group has completely taken over Globus' department store business and bought the remaining half of the shares from its ailing joint venture partner Signa. Signa and Central Group had jointly acquired Globus from Migros in 2020. Central will take over the operation of the stores in the seven Globus department stores in Geneva, Lausanne, Bern, Lucerne, Zurich, Glatt (Wallisellen) and St. Gallen, as well as in the two stores under construction at Bellevue in Zurich and Marktplatz in Basel. "We are delighted to become the full owner of this leading luxury retailer. This is a further step in our efforts to consolidate our European portfolio and create more value for our stakeholders", André Maeder, CEO of Central Group Europe said. Globus CEO Franco Savastano also welcomed the takeover by Central: "Central Group has always been a loyal investor that has a deep understanding of our business and appreciates our unique market position."