Steinhoff Rocked as CEO Jooste Quits Over Accounting Wrongdoing [Bloomberg Business News]
SHOPRITE HLDGS LTD S/ADR (SRGHY)
NASDAQ:AMEX Investor Relations:
shopriteholdings.co.za/investor-centre.html
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Source: Bloomberg Business News
By John Bowker Updated on Retailer appoints PwC to investigate auditing irregularities Stock slumps as much as 62% in Johannesburg; most on record An employee carries a chair past displays of home furnishings inside a Rochester furniture store, operated by Steinhoff International Holdings NV, in Johannesburg, South Africa. Photographer: Waldo Swiegers/Bloomberg Steinhoff International Holdings NV plunged after its chief executive officer resigned amid accounting regularities, in a reversal of fortune for a south African billionaire who upended the retail industry in Africa and Europe via a series of acquisitions. The owner of the France-based Conforama furniture chain, Mattress Firm in the U.S. and Poundland in the U.K. said Tuesday that CEO Markus Jooste quit as it appointed auditor PwC to probe the matter. The stock slumped as much as 62 perce
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