Steinhoff: latest retail news and insights | ESM Magazine

South Africa's Steinhoff Raises $332mn From KAP Industrial Stake Sale

Troubled South African retailer Steinhoff said on Wednesday it had raised 4.8 billion rand ($332 million) from the sale of its 26% stake in KAP Industrial...

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,...

South African Retailer Steinhoff's Quarterly Sales Up 3%

South African retailer Steinhoff reported a slight rise in quarterly sales on Thursday and said its business was still suffering from the effects...

Steinhoff International Shares Hit After PwC Probe Delayed

A probe into accounting practices at Steinhoff International and the release of the retailer's restated results have been delayed, the company said on Thur...

Steinhoff Promotes Commercial Director To CEO

Steinhoff has appointed commercial director Louis du Preez, a key figure in its attempts to recover from a financial crisis, as its permanent chief executi...

Steinhoff Reports 2% Rise In Nine-Month Sales

Steinhoff has reported a slight increase in nine-month sales on Friday as its managers remained preoccupied with cleaning up after an accounting fraud that...

Steinhoff To Meet To Discuss Asset Sales, Debt Repayments

Steinhoff's board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months af...

Steinhoff Unit Hemisphere Gets Creditor Support For Debt Lock-Up

South African retailer Steinhoff said on Thursday that lenders to its subsidiary Hemisphere had agreed to hold off their debt claims and the firm will now...