Steinhoff says it will consider selling its best businesses
The embattled retailer will consider all options ‘as part of our debt-reduction strategy’ and ‘keep the future ownership of the businesses under review’
29 August 2019 - 10:46
Embattled retailer Steinhoff International, whose chains include Pepkor and Conforama, says it will consider letting go of its best businesses as it struggles to stay afloat.
“We must provide our strongest-performing businesses with the opportunity to perform to their full potential and ensure that Steinhoff’s shareholding is not a hindrance to their growth,” the group said in a statement on Thursday...
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