Sector: Consumer Services
The company is available at Interactive Brokers
Steinhoff International Holdings NV (JSE:SNH) is a global holding company with investments in a diverse range of retailers.
Steinhoff offers a wide range of household goods and general merchandise in Europe, Australasia, the United States and Africa. From big box destination stores and store-in-store concepts to focused speciality stores, Steinhoff’s goal is to make shopping as easy and convenient as possible. With more than 40 local brands in more than 30 countries, Steinhoff adds value to customers’ lifestyles by providing everyday products at affordable prices and serving customers at their convenience.
Steinhoff is invested in or fully owns the following retail operations:
Pepco Group
Pepco Group is a fast-growing, multi-format, pan-European discount variety retailer that offers shoppers everything they need across key general merchandise, apparel and FMCG categories. The group trades from over 2 800 stores in 14 countries, serving 49 million shoppers each month.
Conforama
Conforama operates an extensive network across Europe, with stores in Spain, Portugal, Italy, Croatia and Serbia. Conforama’s core product lines comprise furniture, decoration, and a range of homeware appliances and electronic goods, employing a multi-style product strategy.
Pepkor Holdings
Pepkor Holdings Limited (JSE:PPH) is a South African non-grocery retailer with operations across four segments, namely clothing and general merchandise; furniture, appliances and electronics; building materials; and FinTech. With more than 5 400 stores operating across 11 African countries, their businesses include many of the most trusted brands on the continent. Pepkor gives customers access to value-for-money products and services at the lowest prices, and at their convenience.
Greenlit Brands
Greenlit Brands is an integrated retailer and manufacturer of household goods and trades from more than 300 stores in Australia and New Zealand.
Mattress Firm
Mattress Firm is the leading speciality bedding retailer with the largest geographic footprint in the United States. The company offers a broad selection of both traditional and speciality mattresses, bedding accessories and other related products.
Lipo
LIPO is one of the largest furniture brands in Switzerland and offers customers everything they need to create a stylish, trendy home with guaranteed quality products at the lowest prices.
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South African regulators are stepping up efforts to break the oligopoly of the country’s top auditing firms after accounting scandals involving two of the Big Four failed to do the job for them.
2020-03-11 04:40 +02:00
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
2019-03-13 12:59 +02:00JSE:AGL JSE:AMS JSE:IMP JSE:APN JSE:SNH JSE:JSE JSE:BLU JSE:EOH JSE:TON
South African retailer Steinhoff International has started a series of payouts to shareholders who lost money when its stock plunged after the revealing of accounting fraud in December 2017, it said on Tuesday.
2022-02-15
* Sees potential for significant expansion in Brazil (Adds purchase price, details of deal, analyst)
2022-02-03
South African retailer Steinhoff International said on Friday it had gained more approval from claimants for its proposed lawsuit settlement offer to those who lost money when it revealed holes in its accounts in December 2017.
2021-09-10
South African retailer Steinhoff International on Monday said it had gained approval for its proposed lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in December 2017.
2021-09-06
South African retail group Steinhoff International Holdings N.V. said on Tuesday its Mattress Firm business is evaluating strategic options including a potential public listing as it considers a return of share capital to its investors.
2021-08-31South Africa`s big retailers are working round the clock to replenish shelves with food in hundreds of stores looted this week in some of the country`s worst unrest for years, they said on Friday.
2021-07-16
South Africa`s Steinhoff International Holdings NV is in talks with insurers to help settle lawsuits instituted against the retail group by claimants who lost money when it revealed holes in its accounts in December 2017, the firm`s CFO said on Monday.
2021-03-02
South African retailer Steinhoff International Holdings on Friday reported a 6% decline in sales for the nine-months to June 30, due to COVID-19-related trading restrictions imposed worldwide.
2020-08-28
South African retailer Steinhoff International Holdings, battling to recover from a massive accounting fraud, saw its first-half loss more than double as a coronavirus lockdown towards the end of the period weighed on sales.
2020-07-30
South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended June 30 slumped 17.2% after its stores were shut for some of the period due to a COVID-19 lockdown.
2020-07-24
Steinhoff International , battling the fallout from a massive accounting fraud, faces legal claims amounting to more than 9 billion euros ($10.10 billion), the South African retailer`s annual report showed on Wednesday.
2020-07-01
South Africa`s Phumelela Gaming and Leisure on Friday joined a slew of distressed firms to file for business rescue - a local form of bankruptcy protection - after a nationwide lockdown suspended activities in the horse racing industry.
2020-05-08
South Africa`s Tongaat Hulett said on Friday a PwC probe found that certain senior executives had overstated profits and certain assets by using "undesirable accounting practices".
2019-11-29
South African retailer Pepkor Holdings said on Monday it will exit Zimbabwe after an economic crisis in the country hurt its performance.
2019-11-25
Scandal-hit South African retailer Steinhoff International said on Friday it had sold Blue Group, owner of Bensons for Beds and Harveys Furniture, to Alteri Investors for an undisclosed price.
2019-11-15
South African retailer Steinhoff International said on Friday it might issue stock as part of efforts to resolve claims brought against it through lawsuits related to an accounting fraud worth an estimated $7 billion.
2019-11-08Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares down 8 percent.
2019-06-19
South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.
2019-04-24Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.
2019-03-18
