The group was founded in 2014 by Signa Holding (at the time owner of German department store Galeria Kaufhof) and was also owned by Beny Steinmetz for a short period.
In 2015 Central Group (who own a plethora of department stores in Asia and Europe) acquired a stake in the company.
[2] The construction of a new department store titled Lamarr (after actress Hedy Lamarr) was announced in 2022 to be built in Vienna.
[3] However as of 2024 after the bankruptcy of Signa the project is for sale and no longer part of the group after Central purchased the company in 2024.
[4] In 2023, Signa Holding filed for bankruptcy and in mid-2024 Central Group purchased 100% of the company.