The German e-commerce specialist announced its delisting from the NYSE, planned to take effect on or around Oct. 22, as a part of a restructuring effort to staunch the red ink bleeding across the P&L and balance sheet that started in H2 ’22. The change up will see Torsten Waack van Wasen, current CEO of bicycle banner Internetstore, join the parent’s corporate suite as chief performance officer to oversee the restructuring. Van Wasen will then succeed Signa CEO Stephan Zoll when the latter’s contract comes up in Q1 ’24.

While some core ... Log in to view full article.