Steinhoff International Holdings NV (SNHJ.J)
18 May 2018
FRANKFURT, May 18 South African retailer Steinhoff, which has been embroiled in an accounting scandal, expects to report a first-half net loss as costs related to restructuring, losses on asset sales and litigation offset a rise in revenues.
FRANKFURT, May 18 South African retailer Steinhoff, which has been embroiled in an accounting scandal, said its first-half retail revenues rose 1 percent but it still posted a net loss due among others to restructuring costs and losses on asset disposals.
* PwC feedback confirms irregularities identified by Deloitte
JOHANNESBURG, May 10 South Africa's retailer Steinhoff said on Thursday that an investigation by auditors PwC has found that the overstatement of its profits may result in additional material impairments, sending its shares more than 13 percent lower.
JOHANNESBURG, April 30 A Steinhoff International subsidiary said on Monday it would not issue a dividend on its preference shares due to the crisis at the South African multinational retailer which was prompted by the discovery of accounting irregularities.
JOHANNESBURG Businessman Christo Wiese stunned crisis-hit Steinhoff with a $5 billion lawsuit on Thursday, sending shares of the South African multinational retailer fighting for survival after it uncovered accounting irregularities down 17 percent.
JOHANNESBURG, April 26 Businessman Christo Wiese stunned crisis-hit Steinhoff with a $5 billion lawsuit on Thursday, sending shares of the South African multinational retailer fighting for survival after it uncovered accounting irregularities down 17 percent.
BRIEF-Steinhoff Confirms Certain Cos Connected To Wiese Served Summons On Steinhoff International Holdings (Pty) Ltd And Steinhoff International Holdings N.V.
* NOTES ANNOUNCEMENT BY CHRISTO WIESE, PREVIOUSLY CHAIRMAN OF CO'S SUPERVISORY BOARD AND A MAJOR SHAREHOLDER OF COMPANY
JOHANNESBURG, April 26 South African businessman Christo Wiese has launched a $5 billion lawsuit against crisis-hit Steinhoff, a retail company in which he was a board member and biggest shareholder until earlier this year, his company Titan Group said.
April 26 South African retailer Steinhoff said on Thursday it agreed to sell a 50 percent stake in German furniture chain POCO to Andreas Seifert, settling a German lawsuit on the ownership of the business.