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Steinhoff moves two key units to UK after board shake-up

Aug 03 2018 13:28
Janice Kew, Bloomberg


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Steinhoff International Holdings NV has moved the headquarters of two key units from Austria to the UK after board changes following an agreement with creditors related to the restructuring of the troubled retailer’s debt.

Steinhoff Europe and Finance Holdings will both move to the same head office as the retailer’s UK unit, the Stellenbosch, South Africa-based company said in a statement.

The supervisory board members for the European division are now Louis du Preez, Richard Heis and Philip Dieperink, while the management board includes Theodore de Klerk and David Frauman. Du Preez and Frauman also make up the Finance Holding board.

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