Steinhoff International Holdings Archives - Inside Retail
Steinhoff reveals $2 billion loss in FY18
Profit wiped out by costs related to the investigation into its sketchy transactions.
Steinhoff Europe blocked from going into voluntary administration
Retailer says roadblock will delay its restructuring plans.
Steinhoff investigation delays annual report, shares plummet
Retailer says investigation is significantly more complex than anticipated.
Mattress Firm to close 200 locations across US
Steinhoff-owned retailer undergoing rapid reorganisation.
Steinhoff International appears before parliament
Company provides debt update to South African parliament.
Steinhoff restructuring begins
Investor support comes through, while Steinhoff Africa votes to change name.
Steinhoff writes off billions in assets
The revelation came in Steinhoff International’s half yearly report which details the extent of the issues surrounding the embattled company.
Steinhoff International’s working capital dries up
Embattled company Steinhoff International has admitted in its quarterly update that its working capital has dried up.
Steinhoff CEO quits, German prosecutors probe
Retail giant shares dramatically plunge following announcements.
Steinhoff APAC restructures, ex-Good Guys chief appointed CEO
Retail conglomerate signs up veteran to steer regional growth.