Steinhoff raising $2.7bn in fresh sale of shares to help fund acquisitions.
Steinhoff plans to raise as much as $2.7 billion by selling shares to repay the money it borrowed for recent acquisitions.
furniture
Hendri Pelser: Evolution of business – a dodo in wolf’s clothing
Keeping up with technological advancements can either break or make a business. Hendri Pelser and his team at Cherryhill Woodcraft are currently facing this dilemma.
Another one bites the dust – Steinhoff says Poundland board rejects buyout proposal
Steinhoff bought a 23 percent stake in no-frills retailer Poundland and was considering a full cash bid, the company said on June 15.
Hendri Pelser: The silent sound of stress – cash flow
Hendri Pelser explores the silent stress of cash flow, and seeks to find the correct balance between growing a business, and how much should be spent on that growth.
Hendri Pelser: Growing Pains – A tango in a quagmire
Former journalist Hendri Pelser is now plying his trade as a woodworker in a small business. This time he looks at the challenge of growing the business.
Steinhoff’s SA unit, JD Group, closing shop doors, slashing 4 110 jobs
The South African furniture retail unit of Steinhoff International plans to cut 4 110 jobs as it closes stores as part of structural changes to revamp the ailing retailer.
German tax squad raids Steinhoff offices, share price down over 6%
Steinhoff says German authorities searched its offices in November in connection with tax investigations, which comes ahead of its FSE listing on December 7.
Steinhoff price slump a timely reminder about rights issue rationale
The R120bn global furniture group Steinhoff’s share price has now dropped to below the level at which, in July, investors were prepared to inject R18bn in fresh capital. It says much for CEO Markus Jooste’s brilliant timing – but also focuses the spotlight onto an uncomfortable reality: unless forced, companies only have rights issues when their … Read more