The group is however facing significant litigation costs as it battles from the fallout from one of SA's biggest accounting scandals
Embattled retail group Steinhoff International said on Wednesday that it is making every effort to reduce advisory fees in its 2020 financial year, as it continues to battle the fallout from its accounting scandal.
This caused a share collapse and multiple lawsuits from former business partners and aggrieved shareholders, including former chair Christo Wiese. According to its annual report, legal fees remain the most significant advisory costs, while its had also spent €16m related to a forensic investigation into the group.
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