Steinhoff looks to reassure investors over liquidity

Retail group Steinhoff International put out another statement on Thursday as it looked to reassure investors over its liquidity position, after announcing the departure of its chief executive a day earlier amid "accounting irregularities". The group, which owns brands such as Poundland, Bensons for Beds and Conforama, said it has received expressions of interest in certain non-core assets that will release a minimum of 1bn of liquidity. In addition, the company's subsidiary, Steinhoff Africa ...

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