BUSINESS DAY TV: Investigations are ‘part of corporate life’
Monday, December 7 2015 Markus Jooste is Steinhoff CEO. BUSINESS DAY TV: After a lengthy wait, Steinhoff went public on Frankfurt’s DAX (Deutscher Aktienindex, German stock index) today, but not without the controversy of a tax raid beforehand. Joining us now on the line is the CEO of Steinhoff, Markus Jooste. Markus, it’s taken a long time to get here — how did it go today? MARKUS JOOSTE: It went extremely well. You can imagine, it was quite an emotional event … Bruno Steinhoff and his family come from Germany and they started this business in 1964 so it was a highlight obviously for them as a family but for us as management … we bought that Steinhoff business in 1998 from the Steinhoff family, brought it to SA to list here and raise capital to build an emerging market company and as you know over the last seven years we have transformed it into an international global mass discount retailer with that emerging market supply chain and Europe became the best place for us to list and ...
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