Steinhoff: latest retail news and insights | ESM Magazine

Pepco Group Plans To Create 13,000 Jobs In Next Three Years

The owner of the discount chains Pepco, Poundland and Dealz, Pepco Group, plans to create about 13,000 net new jobs across Europe over the next three years...

Steinhoff Reports 7% Growth In Half-Year Earnings

South Africa-based retailer Steinhoff said its half-year core earnings rose by 7%, as demand for value lines and a focus on home furnishings offset the imp...

Pepco Group Shares Rise In Warsaw Debut

Shares in Poundland owner Pepco Group jumped on its stock market debut in Warsaw on Wednesday following the biggest initial public offering (IPO ) in Polan...

Pepco's Warsaw IPO Likely To Be Priced At 40 Zloty Per Share: Bookrunners

The market debut of discount retailer Pepco is likely to be priced at least at 40 zlotys (€8.81) per share, bookrunners said on Wednesday, meaning sha...

Steinhoff's Insurers Agree To Pay $93m To Settle Certain Claims

Steinhoff said on Tuesday it has reached an agreement with certain insurance companies underwriting the group's directors and officers insurance policy to...

Steinhoff Nine-Month Sales Fall 6% As COVID-19 Restrictions Hit

South African retailer Steinhoff International Holdings has reported a 6% decline in sales for the nine-months to 30 June, due to COVID-19-related trading...

Steinhoff's First-Half Loss More Than Doubles To $1.7bn

South African retailer Steinhoff International Holdings saw its first-half loss more than double as a coronavirus lockdown towards the end of the...

South Africa's Steinhoff Proposes $1bn Settlement To Solve Legal Disputes

South African retailer Steinhoff International said on Monday it had proposed a settlement worth up to around $1 billion (€850 million) to settle a st...