Steinhoff: latest retail news and insights | ESM Magazine

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...

M&S Appoints Steinhoff UK Boss As New Head Of Food Business

UK retailer Marks & Spencer has appointed Stuart Machin, the current group CEO of Steinhoff UK, as the new managing director of its food business....

Steinhoff’s A Black Box Too Big To Ignore For Vulture Investors

Steinhoff International may look like a non-starter for most investors: its former chief executive is under investigation for fraud and the new managers st...

Steinhoff Says PwC Reviewing Off-Balance Sheet Transactions

Steinhoff International said a review by auditors at PwC into its accounts is focused on certain off-balance-sheet structures and deals with related partie...

Wiese Sees Ray Of Light After Losing Billions On Steinhoff

Christo Wiese lost more than $2 billion when Steinhoff International plunged, following the discovery of accounting irregularities. Luckily for h...

Steinhoff Appoints Ex-KPMG Partner As Chief Restructuring Officer

Embattled retail group Steinhoff has announced the appointment of Richard Heis as its new chief restructuring officer, as part of plans to return the busin...

South Africa's Wiese Cuts Stake In Retailer Steinhoff To 6%

Christo Wiese, the former chairman of Steinhoff International Holdings NV, has slashed his stake in the retailer to 6.2 percent, a move that may mean one o...

Steinhoff Says Immediate Liquidity Needs 'Largely Addressed'

Steinhoff International said it has secured enough money to keep its businesses running in the immediate term and can now start talks with a broader group...