|Bid||15.40 x 0|
|Ask||16.60 x 0|
|Day's Range||15.90 - 16.20|
|52 Week Range||12.15 - 16.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BERLIN/JOHANNESBURG (Reuters) - South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff (SNHG.DE), the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its shares crash more than 80 percent since last week when it ordered an investigation into its accounts and parted ways with long-serving chief executive Markus Jooste. Steinhoff said Wiese, its top shareholder and chairman who stood in as chief executive last week, had offered to step down to reinforce independent governance and address any possible conflict of interest.
Steinhoff International Holdings NV’s biggest shareholder, Christo Wiese, increased the amount he has raised from selling shares in food retailer Shoprite Holdings Ltd. to 3.3 billion rand ($259 million) ...
South African tycoon Christo Wiese on Friday called off plans to sell his stake in grocer Shoprite (SHPJ.J) to Steinhoff's African arm (SRRJ.J), a day after he resigned from Steinhoff's board in the midst of an accounting scandal. More than $10 billion has been wiped off retailer Steinhoff's market value in the last two weeks following the disclosure of accounting irregularities and also its chief executive's exit. Steinhoff, owner of more than 40 retail brands including Conforama, Mattress Firm and Poundland, in August revealed plans to buy a controlling stake in Shoprite through its African spinoff Steinhoff Africa Retail in a share deal worth 35.5 billion rand ($2.68 billion).
The spectacular collapse in the share price of Steinhoff International Holdings NV is hindering Christo Wiese’s plans to pool his African retail assets.
Shoprite Holdings Ltd. is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt Holdings Ltd. chain.
Shoprite Holdings Ltd. reported full-year earnings in line with analyst estimates as Africa’s largest food retailer boosted market share in South Africa ahead of a partial tie-up with clothing and furniture ...
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings ...
Shoprite Holdings Ltd. Chairman Christo Wiese kept the door open for future cooperation with Steinhoff International Holdings NV, saying the two retailers had learned more about each other from failed ...
Steinhoff International Holdings NV and Shoprite Holdings Ltd. ended talks to create Africa’s biggest retailer after negotiations with shareholders including billionaire Christo Wiese broke down over terms....