Group predicts constrained consumer environments will increase demand for its discount goods in SA and Europe 🔒
Retailer Steinhoff reported a double-digit rise in revenue for the nine months to end-June on the back of a strong performance in Eastern Europe and predicts constrained consumer environments will increase demand for its discount goods in SA and Europe.
The retail holding company, which has €10bn debt, owns just over 50% of SA firm Pepkor, whose brands include Ackermans, Pep, HiFi Corporation, and over 70% of Pepco that is listed on the Warsaw Stock Exchange. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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