Who owns Steinhoff International Holdings?
In 2015, South African low-end retail investment and holding company Pepkor became a member of the Steinhoff International Group for $5.7 billion which made Christo Wiese Steinhoff’s largest shareholder and chairman.
Where is Steinhoff International located?
Amsterdam, Netherlands
The company was founded by Bruno Ewald Steinhoff in 1964 and is headquartered in Amsterdam, Netherlands.
Is it good to invest in Steinhoff?
Is Steinhoff a good share to buy? The company has lost 95% of its market cap over the last three years and based on popular opinion Steinhoff is not worth investing in at the moment.
What kind of company is Steinhoff?
global holding company
Steinhoff is a global holding company with investments in retail businesses.
How many employees does Steinhoff have?
Steinhoff has become a global group with 130 000 employees in approximately 12 000 retail outlets in 30 countries.
Is it wise to buy Steinhoff shares?
Should I sell my Steinhoff shares?
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Steinhoff Intl Hldgs is ‘Strong Sell’.
What is Steinhoff scandal?
Steinhoff did, however, publish an 11-page overview of the forensic investigation, which revealed that a range of “fictitious and/or irregular” transactions inflated the profits and assets of the group by over €6.5-billion, or over R100-billion, between 2009 and 2017.
Who is the CEO of Steinhoff?
Louis du Preez (Jan 1, 2019–)Steinhoff International / CEO
Is it worth buying Steinhoff shares?
Is Steinhoff International holdings a good investment?
Based on our forecasts, a long-term increase is expected, the “STHHF” stock price prognosis for 2027-05-26 is 0.50083 USD. With a 5-year investment, the revenue is expected to be around +231.67%. Your current $100 investment may be up to $331.67 in 2027. Get It Now!
Where is Steinhoff International Holdings based?
Steinhoff International Holdings was founded in 1988 and is headquartered in Johannesburg, South Africa.“
What has happened to Steinhoff’s industrial assets?
Successful completion and incorporation of the Steinhoff Industrial assets (comprising its PG Bison, Unitrans and Raw Materials businesses) into the separately listed KAP group, of which Steinhoff is the controlling shareholder with 61. 9% of the issued shares.
What brands does Steinhoff own in Africa?
Powersales is another African Steinhoff brand. In the UK, Steinhoff owns the high street brands Pep&Co, Poundland and Sleepmaster. In Ireland, Steinhoff operates Dealz and Pep&Co. Steinhoff’s other European brands include Pepco and Kika in Poland, Slovakia and Hungary.
When did Steinhoff sell the UK furniture business?
The company was acquired in 2015 by Steinhoff International of South Africa.]. Forbes (in Hungarian). Retrieved 12 March 2021. ^ Eley, Jonathan (15 November 2019). “Steinhoff sells UK furniture business to Alteri Investors”. Financial Times. Retrieved 1 July 2020. ^ Reuters staff (8 July 2020).