Poundland

Steinhoff Reports 2% Rise In Nine-Month Sales

Steinhoff has reported a slight increase in nine-month sales on Friday as its managers remained preoccupied with cleaning up after an accounting fraud that...

Steinhoff To Meet To Discuss Asset Sales, Debt Repayments

Steinhoff's board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months af...

Steinhoff's Creditors Support Debt Lock-Up, Key To Saving Retailer

Steinhoff's creditors agreed to hold on their debt claims for three years, the embattled retailer said on Friday, throwing a lifeline for the South African...

Steinhoff Extends Lock-Up Early-Bird Fee Deadline For Second Time

Steinhoff extended its 'early-bird fee' deadline for the second time on Wednesday, for creditors to sign a three-year agreement to hold off their debt clai...

Steinhoff Seeks Further Debt Standstill From Creditors

Poundland owner Steinhoff said it is seeking a further three week standstill from creditors on its debt obligations as a financial restructuring nears agre...

Steinhoff Says Profit Overstatement Could Lead To More Impairments, Shares Dive

South African retailer Steinhoff said on Thursday that an investigation by auditors PwC has found that the overstatement of its profits may result in addit...

Steinhoff Urged To Halt 'Unseemly' Director Bonuses

Steinhoff International, which wants to pay its directors bonuses because of the extra work they’ve had to do since an accounting scandal erupted, ha...

Steinhoff Says Directors Due Extra Pay For Working Harder

Steinhoff International Holdings, the retailer that’s wiped out more than $12 billion of value since an accounting scandal exploded in December, plan...