ROB ROSE: Signing Steinhoff’s death warrant
Shareholders come out swinging against plan that would see hedge funds take the assets
30 March 2023 - 05:03
In the dying moments of a smouldering three-hour shareholders meeting, called to vote on a plan to finally kill tormented retailer Steinhoff, German shareholder Nicholas Vosswinkel stood and spoke directly to CEO Louis du Preez.
“You’ve done an amazing job in the past couple of years in the restructure of this company. But when this [plan] came out on December 15, this was more than a punch to the stomach, and I lost all the faith I had in you,” he said...
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