Steinhoff settlement sends shares soaring
Steinhoff global settlement – agreement with Deloitte and Conservatorium
Steinhoff International Holdings N.V. (“SIHNV” or the “Company”, together with its subsidiaries, “Steinhoff” or the “Steinhoff Group”) announces the following update on implementation of its proposal to resolve the various multi-jurisdictional legacy litigation and claims against the Steinhoff Group, including those against former South African holding company Steinhoff International Holdings Proprietary Limited (“SIHPL”).
Conservatorium
Following a number of constructive engagements between the parties today an agreement has been reached, in principle, between, among others, SIHNV, SIHPL, Conservatorium Holdings LLC (“Conservatorium”) and certain entities linked to Christo Wiese. This agreement is subject to a number of conditions. The result of the agreement reached among the parties is that Conservatorium will withdraw its application to
DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V.: DUTCH SUSPENSION OF PAYMENTS PROCEDURE OPENED FOR SIHNV 15-Feb-2021 / 19:31
DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : STEINHOFF GLOBAL SETTLEMENT - UPDATE ON DUTCH HEARING 08.02.2021 / 13:00 The issuer is solely responsible for the content of this announcement. STEINHOFF GLOBAL SETTLEMENT.
Technavio Research: Global Recliner Sofas Market Value to Increase by $ 4.74 Billion During 2020-2024 | Growth in E-commerce Industry to Emerge as Key Driver | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210204006194/en/
Technavio has announced its latest market research report titled Global Recliner Sofas Market 2020-2024 (Graphic: Business Wire)
Click Get Free Sample Report in Minutes
The growth in the e-commerce industry is one of the major factors propelling market growth. However, factors such as fluctuations in raw material prices will hamper the market growth.
More details: https://www.technavio.com/report/recliner-sofas-market-industry-analysis
Brick-and-mortar mattress stores aren't resting so easy. That's because online retailers are laying claim to what may have seemed like sacred territory for their physical competitors: mattresses.