All Value articles – Page 16
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NewsSteinhoff first-quarter sales slump as scandal deepens
Steinhoff has posted a fall in its UK and overall first-quarter sales as chairwoman Heather Sonn warned that its accounting scandal could stretch beyond the €6bn already flagged.
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NewsBailey’s rainbow check for Burberry swansong
Burberry unveils rainbow check for Bailey’s last collection, Poundland gives one teacher a lesson, and Apple’s voice tech is making a mark in more ways than one.
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NewsSteinhoff hires restructuring chief to manage crisis
Steinhoff has appointed KPMG veteran Richard Heis to drive its urgent restructuring, as the Poundland owner deals with the fallout of its accounting scandal.
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NewsRetail diary: Poundland’s elf defies ad ban
Sainsbury’s Valentine’s blooper, Drake picks up the grocery tab, and Poundland’s social media team prove unstoppable.
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NewsPoundland ‘naughty elf’ campaign banned by regulator
Poundland’s risqué Christmas ad campaign must not appear on social media sites in its current form, the Advertising Standards Authority (ASA) has ruled.
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NewsMove of the week: Two senior executives quit Pep&Co
It emerged this week that two of Pep&Co’s most senior executives have handed in their notice and will leave the retailer in May.
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NewsPoundland hunted by private equity as Bond eyes buyout
Poundland is being circled by a host of private equity firms amid boss Andy Bond mulling a potential management buyout.
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OpinionOpinion: Did the blockbuster Christmas ads work?
Love or hate them, Christmas ads are the UK’s Super Bowl commercial. And big bucks are involved, too.
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NewsPoundland ramps up fashion with 150 Pep&Co openings
Poundland is making a major play for the value fashion market by opening more than 150 Pep&Co shop-in-shops in its stores over the next year.
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AnalysisInfographic: Christmas results and X-rated elves
Words and numbers, January 12, 2018: Theo Paphitis on the state of retail, Mothercare’s sales slump, good news for Next and Poundland’s naughty ads
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AnalysisBensons' Machin: Firefighting amid the Steinhoff blaze
When Stuart Machin took the top job at Steinhoff-owned Bensons for Beds and Harveys last August, he knew he had his work cut out.
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NewsSteinhoff loses another executive as finance boss exits
Steinhoff’s finance boss has become the latest executive to step down from the embattled business in the wake of its accounting scandal.
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NewsPoundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
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NewsPoundland’s X-rated Elf tweets to be probed by ASA
The Advertising Standards Agency (ASA) has launched an investigation into Poundland’s lewd ‘Elf on the Shelf’ Twitter campaign.
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NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
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NewsCreditors abandon Steinhoff as crisis deepens
Steinhoff International— the parent company of Poundland, Harvey’s and Bensons for Beds in the UK — has started to lose credit lines from lenders as it grapples with an accounting scandal.
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NewsSteinhoff-owned Bensons and Harvey's credit insurance cut
Bensons for Beds and Harvey’s credit cover has been cut in the wake of parent company Steinhoff’s accounting scandal, Retail Week can reveal.
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NewsPoundland seeks to reassure staff as Steinhoff reels
Poundland has sent a statement to its employees insisting that despite its credit cover being downgraded it expects “no impact on the business in terms of supply”.
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NewsPoundland credit cover reduced amid Steinhoff crisis
Poundland’s trade cover has reportedly been reduced by credit insurer Atradius in the wake of parent company Steinhoff’s accounting scandal.
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NewsSteinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.