UPDATE 2-Steinhoff’s ‘only way to survive’: slim down, sell assets
12 Aug UPDATE 2-Steinhoff’s ‘only way to survive’: slim down, sell assets
Posted at 14:41h
in
News
by KMFSLLP
Scandal-hit Steinhoff’s
only hope for survival is to sell off assets to become
a retail-focused holding company, it said on Tuesday, as it
fights to recover from a $7 billion accounting fraud and share
price crash.
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