Steinhoff International is extending the window for creditors to approve and sign up to a “consensual restructuring plan and a lock-up agreement.”
Consideration for Steinhoff’s operating companies was “nominal”, while the property companies came to approximately $770 million.
Scandal plagued retailer prepares restructuring package for creditors.
Woes compound for scandal-plagued retail giant.
Embattled company Steinhoff International has admitted in its quarterly update that its working capital has dried up.
Retail giant strikes deal with banks.
Investigation into “accounting irregularities” continues as chief restructuring officer appointed.
Immediate liquidity needs “largely addressed” as APAC businesses continue talks with banks.
Looking back at what made headlines this week.
More changes for conglomerate as investigations continue.