Steinhoff: Not so fast, Louis
The furniture retailer’s R16.4bn settlement offer to creditors is designed to help it walk away from 90 lawsuits. Will it succeed?
30 July 2020 - 05:09
Louis du Preez, perhaps the least expressive CEO of any JSE-listed company, has the perfect poker face.
In his former incarnation as a corporate lawyer for Werksmans, that would have come in handy. As head of Steinhoff, a retailer trying to recover from a R106bn fraud and stitch together settlements with 90,000 out-of-pocket investors, it’s a vital attribute...
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