Group is engaging with the parties to reach a settlement in new action, but it’s early stages, CEO Louis du Preez says
Multinational retailer Steinhoff, whose long-term debt exceeds €9.5bn , says ongoing repayment negotiations are complex as many lenders are involved, and it faces one more legal battle.
In a webinar that was cut short by technical problems on Friday, the company updated the market about its debt pile that exceeds its asset value...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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