Steinhoff: latest retail news and insights | ESM Magazine

Steinhoff Promotes COO To Interim CEO Amid Accounting Scandal

Steinhoff International Holdings assembled a crisis team of insiders to try to rescue the global retailer amid a crunch meeting with bankers that may deter...

Steinhoff's Wiese Quits Supervisory Board As Scandal Deepens

Steinhoff International Holdings’ chairman and largest shareholder, South African billionaire Christo Wiese, is stepping down from the supervisory bo...

Steinhoff Accounting Woes Go Back Two Years As Scandal Grows

Steinhoff International Holdings revealed that its accounting errors stretch back into 2016, highlighting the extent of wrongdoing at the clothing and...

Teetering Steinhoff Prepares To Shop Around Its Retail Assets

Steinhoff International Holdings, which sells $89 mattresses to Americans and two-for-a-pound cans of tomato soup to the British, faces a potential fire sa...

Moody’s Downgrades Steinhoff Following ‘Accounting Irregularities’ Announcement

Moody’s Investors Service has announced that it has downgraded the issuer ratings of Steinhoff International Holdings N.V. (Steinhoff) and Steinhoff...

Steinhoff Shares Extend Record Plunge After CEO Quits Amid Probe

Steinhoff International Holdings extended Wednesday’s record plunge in Johannesburg in the wake of accounting irregularities that claimed the furnitu...

Shoprite Says Steinhoff Stake Build Won't Hurt Independence

Shoprite Holdings Ltd. won’t let the purchase of a 22.7% stake in the food retailer by Steinhoff International Holdings NV affect its independence an...

Steinhoff Plans Africa Spinoff After $3 Billion Expansion

Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following th...