Steinhoff sells stake in e-retailer to supermarket giant at a loss

Jan 15 2018 15:34

International supermarket chain Carrefour will acquire a stake in Showroomprivé from a subsidiary of embattled global retail group Steinhoff.


Montblanc expands sports watches in Rolex price range

Jan 15 2018 22:00

Montblanc, the penmaker that began making Swiss watches two decades ago, is shoring up its credentials as it expands with sports models near the Rolex price range.


Woolworths shares down on news of profit drop

Jan 15 2018 13:13

The multinational retail group has announced a decrease in headline earnings per share for the six months to December 24 2017.


Pizza Hut to open shop in Zim

Jan 15 2018 17:12

American restaurant chain and international franchise Pizza Hut is set to open its doors in Zimbabwe for the first time on February 2 2018.


H&M 'racist' ad adds to company's woes

Jan 14 2018 16:29

A racism scandal at H&M is the latest indication of management problems at the Swedish clothing giant, once the darling of shoppers but now struggling to make the switch to e-commerce, analysts say.


Steinhoff meltdown keeps going

Jan 14 2018 06:00

A European investors’ group has recruited a ‘considerable’ number of shareholders locally and abroad in preparation for a class action.


SA investors want to join Dutch class action against Steinhoff - report

Jan 12 2018 11:57

The investor lawsuit is one of a number in the works by European law firms, after Steinhoff investors lost billions of euros as its share price plummeted.


SA Steinhoff unit mulls early redemption of bonds

Jan 12 2018 09:19

Steinhoff International Holdings has said its local units is considering an early redemption of all notes in issue as it struggles to stay afloat amid an accounting scandal.


Vusi Khanyile resigns from Steinhoff Africa Retail board

Jan 11 2018 19:29

Vusi Khanyile, founder of Thebe Investment Corporation, has resigned as an independent non-executive director of Steinhoff Africa Retail's board.

Inside Fin24.com


Parliament gearing up for Steinhoff probe

Jan 11 2018 15:25

Parliament’s finance oversight committee wants to start hearings into the Steinhoff scandal by late January, amidst calls for Markus Jooste and Christo Wiese to testify.


Richemont Christmas sales rise at fastest pace in 4 years

Jan 11 2018 09:55

Richemont, the maker of Cartier necklaces and IWC Schaffhausen timepieces, has reported its fastest holiday sales growth in four years, boosted by demand in Asia.

We're talking about: STEINHOFF

Steinhoff International, once the darling of fund managers, risks falling out of the JSE top 100.

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