Poundland: latest news, insights and analysis | ESM Magazine

Steinhoff Extends Lock-Up Early-Bird Fee Deadline For Second Time

Steinhoff extended its 'early-bird fee' deadline for the second time on Wednesday, for creditors to sign a three-year agreement to hold off their debt clai...

Steinhoff Seeks Further Debt Standstill From Creditors

Poundland owner Steinhoff said it is seeking a further three week standstill from creditors on its debt obligations as a financial restructuring nears agre...

Steinhoff Says Profit Overstatement Could Lead To More Impairments, Shares Dive

South African retailer Steinhoff said on Thursday that an investigation by auditors PwC has found that the overstatement of its profits may result in addit...

Steinhoff Urged To Halt 'Unseemly' Director Bonuses

Steinhoff International, which wants to pay its directors bonuses because of the extra work they’ve had to do since an accounting scandal erupted, ha...

Steinhoff Says Directors Due Extra Pay For Working Harder

Steinhoff International Holdings, the retailer that’s wiped out more than $12 billion of value since an accounting scandal exploded in December, plan...

Steinhoff Gets Bank Support As Retailer Strives For Recovery

Steinhoff International Holdings NV will meet immediate interest payments and said it has won the support of South African lenders as the global retailer m...

Steinhoff Units Seek 'Significant' Funding As CFO Steps Down

Steinhoff International, the South African retail giant consumed by an accounting scandal, said some of its business units need “significant near-ter...