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Steinhoff’s effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, the beleaguered retailer’s latest opposition from its former Austrian partner.
Steinhoff ex-CEO Markus Jooste said he wasn’t aware of any financial irregularities and quit as head of the global retailer after disagreeing with the board on how to deal with a dispute with auditors Deloitte.
On Wednesday, PSG founder Jannie Mouton published a letter to shareholders disclosing that he has early-onset dementia. In today’s episode, Alec Hogg and I reflect on Mouton’s life and his courage in sharing his struggle with the world.
Steinhoff International sold out of Hungarian electronics retailer Extreme Digital after its partners moved to cut ties with the South African company embroiled in an accounting scandal.
A former joint venture partner has filed papers in court, alleging that assets that should be attributed to him have erroneously been included in Steinhoff accounts.