Watches of Switzerland sets its sights on more US acquisitions

Competition authority's concerns that the combination could lead to higher prices prompts retail groups to offer to divest some interests across both brands 

Nestlé’s ruby chocolate is a hit in Asia, where they are open to such radical deviations in a food staple; the product will not be launched in the US

Heather Sonn, chair of Steinhoff’s supervisory board, and CEO Louis du Preez will brief parliament on Tuesday

Grand Parade Investments acting CEO Mohsin Tajbhai talks to Business Day TV about the company’s interim results

‘I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,’ Wiese said after Friday’s report

The report shows that about €6.5bn worth of fictitious transactions between 2009 and 2017 inflated the group’s profits and asset value

The company says the past year has been challenging, especially its food businesses, which have been affected by tough economic conditions

The 14-month forensic probe conducted by PwC didn’t identify any culprits by name

H&M, whose main rival is market leader Inditex, says net sales excluding VAT were up 10% versus expectations of an 8% rise

Steinhoff International Holdings former non-executive director Johan Van Zyl says forensic report by PwC focuses on the wrongdoing of a ‘few individuals’

Libstar Holdings CFO Robin Smith talks to Business Day TV about the company’s full-year results

Consumer goods manufacturer and distributor Libstar, which produces products like Laughing Cow, Lancewood dairy products, and Denny Mushrooms, says it adjusted ...

The company says the retail sector is under pressure due to economic uncertainty and lower levels of consumer spending