Steinhoff news and archive

South African retail group Steinhoff extends deadline for creditors for the second time

Steinhoff has extended the “early bird fee” deadline for creditors to sign a three-year agreement to hold off their debt claims for the second time. The retailer is looking for ways to restructure its circa nine billion euro debt. Steinhoff saw how growing debt wiped more than 90 percent off its market value and forced it into asset sales to...

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Steinhoff CFO Ben la Grange steps down

Steinhoff has announced that its current CFO and member of the management board, Ben la Grange has stepped down to focus on the preservation and procurement of liquidity in the group, in addition to the finalisation of the company’s audited 2017 consolidated financial statements and comparative statements. The company added that Philip Dieperink...