All Steinhoff articles
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NewsSteinhoff to sell off assets following accountancy scandal
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.
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.
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NewsPoundland owner holds 'urgent' restructuring talks
Poundland’s owner Steinhoff has kicked off restructuring talks with its lenders to address the group’s “critical” debt position.
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NewsBensons for Beds and Harveys reshuffle top teams
Bensons for Beds and Harveys have restructured their leadership teams following the sudden departure of former group boss Stuart Machin, Retail Week can reveal.
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AnalysisInfographic: Arcadia denial and Primark's £47,000 fine
Words and numbers, February 23, 2018: Sir Philip denies ‘sale’ rumours, Malcolm Walker’s plastic plea and New Look rejects executive bonus scheme
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NewsNew Look circled by ‘vulture fund’ investor
New Look has caught the eye of distressed investment specialist Alchemy Partners.
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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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AnalysisInfographic: Steinhoff boss and Debenhams' jobs cull
Words and numbers, February 16, 2018: Steinhoff’s Machin on leading in tough times, Debenhams’ store manager cull and Tesco’s potential equal pay claim bill
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AnalysisAnalysis: Are the January Sales in furniture dead?
For traditional furniture retailers, the January Sales have long been the equivalent of a toy shop’s Christmas.
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OpinionOpinion: Steinhoff boss on leading in difficult times
After a turbulent – and well-publicised – final quarter in 2017, my team and I decided to enter 2018 with boldness.
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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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NewsPep&Co managing director Adrian Mountford quits
Poundland stablemate Pep&Co’s managing director Adrian Mountford and trading director Cathy Haydon have both quit the value fashion retailer, Retail Week can reveal.
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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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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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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.