Selfridges co-owner, Signa founder René Benko, could lose his personal assets villa over unpaid taxes.
It comes as Signa Prime Selection, the firm that co-owns Selfridges, filed for insolvency last week.
Benko is at risk of losing his luxury alpine villa after Austrian tax officials claimed it as security to cover eight years of unpaid taxes.
Tax authorities have placed a £10.44m claim against the investor’s Igls villa, Bloomberg News reported.
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A representative for the Austrian investor denied accusations he had not paid taxes on his property, The Times reported.
Signa Prime Selection £16.65bn assets are also set to be sold to recover creditors’ money, according to German newspaper Handelsblatt.
Selfridges fellow co-owner Central Group, which bought the department store alongside Signa in late 2022, is understand to be seeking to snap up the Austrian firm’s stake.
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