Retailer Steinhoff News Today

The retailer's share price dropped by 6% on Friday afternoon.

Retailer Steinhoff has been informed it faces about €3.2bn (about R53.6bn) worth of claims in its settlement with shareholders who lost money when its stock plunged after the revealing of an accounting fraud in 2017, it said on Friday.

Steinhoff says it boosted group revenue by 10% in the last quarter of 2021 despite the reintroduction of Covid-19 restrictions in Eastern Europe.

<p>Retailer Steinhoff says it is a step closer to starting a series of payouts to shareholders who lost billions of rands when the groups stock plunged in late 2017.</p>

Retailer Steinhoff says it is a step closer to starting a series of payouts to shareholders who lost billions of rands when the group's stock plunged in late 2017.

Steinhoff has argued that granting the media access to a 3 000-page forensic probe into accounting fraud would likely undermine future court cases against implicated ex-executives, such as its former CEO Markus Jooste.

Retailer Steinhoff has announced it will increase its proposed payout to investors who lost out in its share price plunge by another R3.2 billion.

Retailer Steinhoff says its "mum on a budget" pan-European subsidiary the Pepco Group hopes to raise between R17 billion and R20 billion from its upcoming initial public offering on the Warsaw stock exchange.  Pepco has 3 200 stores across 16 European countries and includes retail brands such as PEPCO, Poundland, and Dealz The IPO will include a public offering of up to 102 million existing Pepco Group shares, of which 98.8% are held by Steinhoff. These shares represent  17.9% of the groups ...

Poundland Retailer Steinhoff is planning to proceed with the initial public offering of its pan-European subsidiary the Pepco Group on the Warsaw Stock Exchange. Pepco has 3 200 stores across 16 European countries and includes retail brands such as PEPCO, Poundland, and Dealz. It views its core shopper as a "mum on a budget". It is a separate company from the similarly named Pepkor Holdings, which houses Steinhoffs African assets. "Our proposed listing in Warsaw – home to our PEPCO brand sinc...

About at immediate risk of this credit bubble in china to burst but for sure this i.m.f. report is shedding some light on the risks of this quoth model in china of fueling growth with ever growing amounts of loans and leverage and the i.m.f. is mentioning systemic risks as well its talking about the shadow banking system in china and you know thats wording that really sounds very obscure and that sounds more and more dangerous the further away from china where you are so its not exactly inspirin...