Steinhoff valuation – The good, the bad and the ugly – analysis
Nearly four later and the bean counters at Steinhoff can once again sleep easy as the 2021 annual report obtained a clean audit opinion.
Nearly four later and the bean counters at Steinhoff can once again sleep easy as the 2021 annual report obtained a clean audit opinion.
Multinational retailer Steinhoff announced that shares in one of its major subsidiaries will be listed on the New York Stock Exchange.
Embroiled retailer Steinhoff has announced that its US subsidiary, of which it owns a 50.1% stake, has filed for an initial public offering.
The Steinhoff business Mattress Firm held a vital clue that the company was heading for trouble.
Steinhoff International’s battle to stabilise itself received a boost as troubled US bedding chain Mattress Firm emerged from bankruptcy with $525 million in funding to support operations.
Steinhoff International Holdings said it has asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20.
Chris Bryant of Bloomberg analyses the details of the bankruptcy of the US Steinhoff subsidiary, finding that its bosses are about to be rewarded for failure.
There have been so many bad news announcements from Steinhoff that it would be easy for shareholders to miss ‘the biggest one of them all.
Steinhoff International Holdings NV is assessing ways to attract extra funding for Mattress Firm to execute a turnaround of the troubled US bedding retailer.
In London on Friday, bankers owed €9.6bn (R144bn) by Steinhoff were treated to an update on developments at the scandal-wracked South African furniture group.