Steinhoff

21 results

A Poundland store in London, which is owned by Steinhoff International. Photograph: Dominic Lipinski/PA Wire
Former Steinhoff chief says retailer’s claim against him is 'embarrassing'

Steinhoff International Holdings NV former chief executive Markus Jooste sees the retailer’s claim for more than 850 million rand (€50 million) agains(...)

Heather Sonn, chairwoman of Steinhoff: “We want to uncover the truth, show the world was has happened, prosecute any wrongdoing and reinstate trust in the company.” Photograph: Jasper Juinen/Bloomberg
Steinhoff faces angry shareholders as it renegotiates debt

South African retailer Steinhoff is in talks with creditors about restructuring its debt, it said on Friday as it faced shareholders for the first tim(...)

Steinhoff, owner of Dealz and Poundland stores in Ireland and the UK, had planned to seek approval for payouts to board members as a reward for trying to keep the company afloat. Photographer: Bloomberg
Steinhoff shelves executive bonus plan in wake of political pressure

Steinhoff International Holdings has shelved a plan to pay director bonuses after legislators questioned whether it was appropriate to release extra f(...)

Steinhoff, which has more than 40 retail brands including Poundland and Mattress Firm, faces a fight for survival after admitting accounting irregularities.
Blow for Steinhoff as property portfolio valuation drops by half

South African-based retailer Steinhoff suffered a fresh blow this week after a real estate specialist put the value of a portfolio holding a major par(...)

Shares in Steinhoff Africa Retail weakened 3.5% in early trade on Tuesday before trimming losses to trade 2.97% down at 21.25 rand
Steinhoff says it is considering all options to cut debt

Crisis-hit South African retailer Steinhoff said on Tuesday it was considering “all of its options” in order to support its liquidity after a report t(...)

Steinhoff has more than 40 retail brands including Poundland, trading in Ireland as Dealz. Photograph: Stefan Wermuth/Reuters
Steinhoff sells part of stake in South Africa’s KAP to help cut debt

Crisis-hit South African retailer Steinhoff raised 3.66 billion rand (€250 million) from the sale of a 16.7 per cent stake in KAP Industrial, another (...)

JPMorgan Chase got the big banks’ fourth-quarter earnings season off to a brisk start on Friday morning, beating analysts’ expectations for profit
JPMorgan earnings top estimates despite sluggish trading

JPMorgan Chase got the big banks’ fourth-quarter earnings season off to a brisk start on Friday morning, beating analysts’ expectations for profit des(...)

Wall Street’s main indexes hit records on Wednesday, with the benchmark S&P 500 index breaching the 2,700-mark for the first time. Photograph: Bryan R Smith/Getty Images
Wall Street hits record as European stocks trade higher

On the day Mifid II launched Ireland saw relatively strong trading volumes according to Dublin traders and the Iseq overall index closed up 0.02 per c(...)

Traders work on the floor at the New York Stock Exchange on Thursday. Photograph: Reuters
Shares tread water on thin holiday trading volumes

European shares inched lower on Thursday with company news and macro events scarce in holiday-thinned trading, while Britain’s Ftse 100 hovered just u(...)

The Dealz store on Henry St, Dublin. Photograph: Eric Luke / THE IRISH TIMES
Owner of Dealz edges closer to the brink

Steinhoff International Holdings NV edged closer to the brink as its shares plunged to new lows following an inconclusive meeting with bankers and inv(...)

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