DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Steinhoff Ex-Chair Wiese Open To Talks Over €3.6bn Claim

By Steve Wynne-Jones
Share this article
Steinhoff Ex-Chair Wiese Open To Talks Over €3.6bn Claim

Former Steinhoff chairman and top shareholder Christo Wiese is open to negotiations over his 59 billion rand (€3.6 billion) claim against the company, he said on Monday.

"Everybody knows, the company does not have that kind of money, so our approach has been that the only way forward is for all the stakeholders to sit around the table and reconstruct the company," Wiese told Reuters.

The South African retailer said on Friday that an independent report had found it had overstated profits over several years in a $7.4 billion accounting scandal involving a small group of top executives and outsiders.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.