JOHANNESBURG - Steinhoff will provide further information about its finances following a meeting with bankers on Tuesday, the retailer said on Monday.
by Staff WriterJOHANNESBURG - Steinhoff’s African business is preparing to repay $1.2 billion it owes to its parent, it said on Friday, a move that would go a long way…
by Staff WriterOnce a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its shares crash more than 80 percent since…
by Staff WriterJOHANNESBURG/ FRANKFURT - Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at…
by Staff WriterJOHANNESBURG - South Africa’s Steinhoff, the world’s second-biggest furniture retailer after IKEA, reported a 48 percent jump in nine-month sales on Thursday, helped by acquisitions and growth in…
by Staff WriterJOHANNESBURG - South Africa-based retail group Steinhoff International reported a 13 percent rise in half-year operating profit and a 48 percent jump in revenue as recent acquisitions buoyed…
by Staff WriterCape Town - It would be a “natural development” for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told…
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