Steinhoff to sell off assets following accountancy scandal

Conforama

South African retail giant Steinhoff is set to cut its debt and trim down its assets to focus on retail investments after a previous $7bn (£5.8bn) accountancy scandal.

Steinhoff’s management team said it aims to sell off its non-retail assets and cut jobs at Conforama – the French furniture chain – in a bid to cut its debt.

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