Steinhoff International struggling to shake off impact of scandal
DURBAN –
Troubled retailer Steinhoff International widened its losses to €1.84 billion (R35.68bn) for the year to end September 2019, up from €1.19bn compared to a year earlier, as the group is still struggling to shake off the impact of the 2017 accounting scandal in its operations.
Troubled retailer Steinhoff International widened its losses to €1.84 billion (R35.68bn) for the year to end September 2019, up from €1.19bn compared to a year earlier, as the group is still struggling to shake off the impact of the 2017 accounting scandal in its operations.
The group acknowledged yesterday that it is continuing with its journey to address past deficiencies and to bring stability to the group and its businesses.
“While the road ahead remains difficult, the financial year to end September 2019 was a pivotal period for the group, during which we made tangible progress, most significantly with the completion
Source: iol.co.za
