UPDATE 1-Steinhoff looks to sell off assets after $7 billion accounting fraud
Scandal-hit South African
retailer Steinhoff said on Tuesday its only hope for
survival is to sell off assets to become a retail-focused
investment holding firm, as it fights to contain the fallout of
a $7 billion accounting fraud.
retailer Steinhoff said on Tuesday its only hope for
survival is to sell off assets to become a retail-focused
investment holding firm, as it fights to contain the fallout of
a $7 billion accounting fraud.
Posted by Reuters