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Steinhoff International
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Steinhoff Reports Steady Uk Retail Growth
Sep 13, 2016Steinhoff International has published its unaudited results for 12 months ended 30th June 2016. As indicated previously, the group reports unaudited revenue growth of 33% to €13.1b, while operating profit improved by 32% to ...
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Steinhoff Growth Bolstered by UK Bed Sales
Sep 6, 2016South African retailer Steinhoff International, owner of retail brands Harveys and Bensons for Beds in the UK, plus trade brands including Slumberland, Myer's, Dunlopillo and Relyon, reports unaudited revenue growth of 33% to €13.1b ...
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ACCC Invites Comments on Metcash's Acquisition Plans for Home Timber and Hardware
Jul 18, 2016The Australian Competition and Consumer Commission (ACCC) is inviting comments on a draft undertaking from Metcash which intends to resolve concerns regarding its proposed acquisition of Woolworth’s Home Timber and Hardware. The ...
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Sainsbury's Confirms HRG Offer
Mar 23, 2016Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
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Sainsbury's Reiterates Argos Offer As Steinhoff Withdraws
Mar 21, 2016Ahead of today's 5pm deadline, Steinhoff backed out of making a bid for Home Retail Group at the last minute, leaving Sainsbury's the likely purchaser or the Argos business. Sainsbury's share prices rose sharply, while Home Retail Group's ...
Tags: Sainsbury's, Withdraw, CITY AM, Home Retail Group
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Like-for-Likes Fall At Argos During Final Period
Mar 16, 2016Home Retail Group has issued a trading statement for the eight weeks to 27th February 2016, a turbulent time for the company given the imminent sale of Argos and Homebase (the latter now completed). Chief executive John Walden ...
Tags: Home Retail Group, Argos
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Steinhoff Has Acquired Pepkor for R62.8 Billion
Dec 1, 2014Steinhoff International said it has acquired a major stake in apparel retailer, Pepkor for R62.8 billion, which gives the budget furniture firm entry in to Africa's fast-growing garment markets. The South African furniture maker purchased ...
Tags: garment markets, furniture maker, Apparel
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The Takeover of The Kika/Leiner Group at The End of June
Jul 12, 2013Steinhoff International announced the takeover of the Kika/Leiner Group at the end of June. Steinhoff reports that the relevant contracts have already been signed. Dr Herbert Koch, chairman of Kika/Leiner's supervisory board, also confirmed ...
Tags: Construction, Decoration