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Tag Archives: Steinhoff

Steinhoff asks creditors for restructuring extension

15 October 2018, 9:05 PM

South African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday.

Markus Jooste

Steinhoff’s shares plunge after global rout, report on retailer’s ex-CEO

11 October 2018, 8:05 PM

Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.

Steinhoff’s Mattress Firm files for Chapter 11 bankruptcy

5 October 2018, 4:05 PM

Steinhoff’s United States unit, Mattress Firm, has filed for voluntary Chapter 11 bankruptcy protection to strengthen its balance sheet and support its parent company’s debt restructuring, the South African company said on Friday.

Steinhoff logo with microscope

Allan Gray, Old Mutual, Investec back class action lawsuit against embattled Steinhoff

28 September 2018, 3:16 PM

South African investors including Allan Gray, Old Mutual and Investec’s asset management arm are backing litigation against crisis-hit Steinhoff in the Netherlands.

Former Steinhoff CEO denies knowledge of accounting irregularities

5 September 2018, 12:35 PM

Former Steinhoff CEO Markus Jooste has denied any knowledge of accounting irregularities at the time he left the company late last year.

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