BBCNEWS Business Briefing December 19, 2017
To find out whether those that it owes money to will throw them a lifeline or claw the money back at any cost. Steinhoff may not be a household name to you. Let me give you a bit of background. Its origins are in the furniture business in germany in the 60s. But its now a global giant, with brands across europe and the us. Alarm bells were ringing last week when it failed to publish its financial results. What we did learn is that its grappling with a seven billion dollar hole in its finances. Little wonder that the regulators are now taking a look. The value of shares is down 80 since the new...
Source: archive.org