WATCH: Steinhoff optimistic settlement offer will be well received

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WATCH: Steinhoff optimistic settlement offer will be well received
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Embattled retail group unveils plan to help deal with some of the dozens of lawsuits it faces

Steinhoff International is optimistic a settlement plan unveiled on Monday will be well received as a fair offer, CEO Louis du Preez says.

Du Preez told Business Day TV on Monday that Steinhoff had been interacting with a number of claimants over the past year. This includes Christo Wiese, who has welcomed Steinhoff's attempt to settle the claims. A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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