By Leanne Carr2019-08-14T06:40:00
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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.