Heather Sonn

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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

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