Tag: Poundland

Steinhoff share price plunges as PwC forensic report, audited results delayed

Steinhoff, which has more than 40 retail brands that include France’s Conforama and British chain Poundland, is trying to emerge from a crisis after admitting “accounting irregularities” in December, wiping about 85 percent off its market value and triggering a liquidity crisis.

What Steinhoff is really worth

More than a month later we are still no closer to understanding how bad the situation is at Steinhoff, the owner of Poundland and Matress Firm. Joining CNBC Africa for the latest in this nail-biting corporate scandal is top-rated retail analyst Syd Vianello.

Steinhoff shares rebound as CFO moves to new position

Steinhoff, which has debts of around 10.7 billion euros, plans to hire a debt restructuring expert in the role of chief restructuring officer.

South Africa’s Steinhoff reports rise in H1 profit, revenue

TJ Strydom | JOHANNESBURG South Africa-based retail group Steinhoff International reported a 13 percent rise in half-year operating profit and a 48 percent jump in revenue as recent acquisitions buoyed sales. Steinhoff, which bought...

South Africa's Steinhoff Q1 sales up 45 pct

Steinhoff said sales totaled 5.3 billion euros ($5.61 billion)in the quarter ended December.