Retail Giant Steinhoff’s Share Rout Raises Scrutiny of Transactions

JOHANNESBURG—The stock market carnage at Steinhoff International Holdings NV—its shares are down 82% since disclosing possible accounting irregularities earlier this week—is raising fresh scrutiny over a set of Byzantine transactions between the global furniture retailer and related parties.

Shares in Steinhoff fell another 15% Friday, extending a rout that has wiped out nearly $12 billion in market value since the company said its chief executive had resigned and it had identified possible accounting problems that could affect…

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