261:
246:
697:, a discount furniture chain: Seifert claimed 50 per cent ownership of Poco, while Steinhoff claimed it had bought Seifert out. In February 2018, an Amsterdam court ruled that Steinhoff had to change its accounts to reflect Seifert's part-ownership, and, later that year, a German court – which had been hearing the case since 2015 – urged the parties to settle. In late April 2018, Steinhoff reached a settlement with Seifert which saw Seifert buy a 50 per cent stake in Poco for an amount calculated as a multiple of Poco's earnings, on the basis of an agreed
605:
an extended period... Fictitious and/or irregular transactions were entered into with parties said to be, and made to appear to be, third party entities independent of the
Steinhoff Group and its executives but which now appear to be closely related to and/or have strong indications of control by the same small group of people... it appears that the Steinhoff Group entered into a number of transactions (some of which were fictitious or irregular) with allegedly independent third party entities which resulted in the inflation of profits and asset values.
29:
525:'s parent company since 2016. Mobilux has 50-50 ownership by both Andreas Seifert's WM Holding, which is associated with XXXLutz through its owner Andreas Seifert, and the American investment firm Clayton, Dubilier & Rice (CD&R). In France, IKEA is the largest furniture retailer with a 15.43 per cent market share and Conforama and BUT have market shares of 10.86 per cent and 10.34 per cent which are second and third, respectively.
2330:
195:
180:
2276:
1461:[Extreme Digital: Hungarian founders are buying back their shares: Extreme Digital's Hungarian founding couple, Balázs Várkonyi and Gyula Kelemen, are buying back their share of the global multitude involved in the accounting scandal. This was announced at a press conference today. The company was acquired in 2015 by Steinhoff International of South Africa.].
589:. Steinhoff's value also plummeted. In the first day after Jooste's resignation, Steinhoff stocks lost 58 per cent in trading on the Frankfurt Stock Exchange and 56 per cent on the Johannesburg Stock Exchange; within two weeks, they lost almost 90 per cent. In 2018, Steinhoff announced a $ 12 billion writedown relating to the reversal of overstated revenues,
689:. Jooste linked the dispute to the accounting scandal, saying that Seifert was the source of the initial allegations of false accounting. The November 2015 raids of Steinhoff's Westerstede offices had also involved the seizure of documents signed by Seifert, though Seifert said that the documents, and his signature on them, had been
1459:"Extreme Digital: visszavásárolják részüket a magyar alapítók: Visszavásárolja üzletrészét a könyvelési botrányba keveredett globális multitól az Extreme Digital magyar alapítópárosa, Várkonyi Balázs és Kelemen Gyula. Ezt ma jelentették be sajtótájékoztatón. A cégbe 2015-ben vásárolta be magát a dél-afrikai Steinhoff International"
604:
A small group of
Steinhoff Group former executives and other non-Steinhoff executives, led by a senior management executive, structured and implemented various transactions over a number of years which had the result of substantially inflating the profit and asset values of the Steinhoff Group over
661:
The scandal also gave rise to numerous civil claims against
Steinhoff: by early 2021, it faced over 90 separate lawsuits – in South Africa, Germany, and the Netherlands – lodged by investors aggrieved by the drop in its share price after the December 2017 revelations. In early 2022, Steinhoff
641:
Steinhoff referred Jooste to South
African authorities and launched a civil case against him, on the basis of what they viewed as his personal liability for the accounting scandal, although Jooste denied any knowledge of financial wrongdoing before December 2017. In March 2021, sources told
617:
6.5 billion ($ 7.36 billion), and therefore had inflated the group's income by a concomitant amount. In March 2019, the company share price was still down 96 per cent from its value before the scandal erupted, representing a total loss of about $ 15 billion in market value.
410:
As of August 2016, Steinhoff held retailing activities in 30 countries, counting 6,500 retail outlets belonging to 40 different brands, and employing about 90,000 employees. 60 per cent of the company's revenue, and two-thirds of its benefits, were made in Europe.
568:, later said that it had uncovered the irregularities during the course of its 2017 audit and had "pushed" Steinhoff to investigate further; Jooste confirmed this. Steinhoff announced on the day of Jooste's resignation that its board had approached
489:
at
Conforma. Du Preez said that, "We believe the only way for Steinhoff to survive is for it to become a pure investment holding company. The group cannot trade itself out of this debt." The company said that it intended to develop its markets in
576:
investigation, but the investigation took over a year to complete. In the interim, Wiese (who at first had stepped in as acting CEO) resigned as chairman, and, the week after Jooste's resignation, the
Standing Committee on Finance of the
1604:
365:
of home furnishings, with over 200 stores in France, Spain, Switzerland, Portugal, Luxembourg, Italy and
Croatia; and, in 2013, the acquisition of Austrian home retailer Kika-Leiner. In 2015, Steinhoff acquired
2159:
1490:
1605:"Ameublement : les actionnaires de But rachètent Conforama en France: L'objectif de Mobilux est de créer le leader européen du marché du mobilier, capable de rivaliser avec le géant suédois Ikea"
494:(through Pepco) and Britain (Poundland) through its Pepkor Europe assets alongside its core interests in South Africa. During this period, Steinhoff sold its shares in Unitrans, a car dealer network;
475:
On 25 April 2018, Extreme
Digital, a Hungarian e commerce firm acquired by Steinhoff in October 2015, was resold to their founders Balázs Várkonyi and Gyula Kelemen through their buying back shares.
2046:
545:
In late
November 2015, Steinhoff Europe Group Services offices in Westerstede were raided by German law authorities; in December 2015, German tax authorities began an investigation into suspected
1359:
528:
As of 2023, Steinhoff had 45 per cent ownership in
MattressFirm, 79 per cent ownership in Europe's Pepco Group, 43 per cent ownership in South Africa's Pepkor Holdings, and full ownership of
407:
accepted Steinhoff's takeover offer of £597 million which was then increased by Steinhoff to £610 million in August 2016. The takeover received shareholder approval in September 2016.
1607:[Furniture: But shareholders buy Conforama in France: Mobilux's goal is to create the European leader in the furniture market, capable of competing with the Swedish giant Ikea.].
1025:
670:
25 billion. Deloitte, as Steinhoff's auditor during the time the irregularities were taking place, agreed to contribute up to R1.3 billion (or €70 million) in compensation to claimants.
658:
Jooste's South African assets in connection to an investigation of the accounting irregularities, although, at that time, no criminal charges had yet been laid in a South African court.
1263:
1432:
1639:
1570:
965:
2013:
1734:
2733:
625:
Danie van der Merwe served as acting CEO, Louis du Preez was appointed to replace Jooste. In April 2018, Peter N. Wakkie, a Dutch attorney who is closely associated with
1614:
1990:
317:
countries in Europe, for resale in Western Europe. In 1997, Steinhoff acquired 35 per cent of Gommagomma, a furniture company based in South Africa, and prepared for a
2169:
2296:
393:
basin, to the European market. The management remained in South Africa. As of May 2020, Steinhoff International Holdings NV remained headquartered in Amsterdam.
2637:
1518:
2462:
2133:
557:; by December 2017, the investigation included four current and former managers, who were suspected of having overstated revenues at Steinhoff subsidiaries.
2054:
1700:
786:
2487:
1944:
1369:
758:
2280:
1102:
2502:
838:
735:(under Pepco Group) and Pep&Co. Steinhoff's other European brands included Pepco (under Pepco Group) and Kika in Poland, Slovakia and Hungary.
2753:
2522:
2602:
2372:
1217:
1035:
629:, was appointed the deputy chairman and was previously the acting chairman of supervisory. In September 2019, Steinhoff replaced Deloitte with
460:
against it, even as its creditors withdrew their credit facilities. Among the casualties was a consortium of lenders, including Japanese bank
2723:
2607:
2382:
1244:
2743:
1649:
2357:
2748:
2517:
992:
1871:
2728:
679:
2326:
2023:
2318:
1980:
1819:
1793:
430:
894:
654:
Jooste and three others on charges arising from the initial German investigation. In October 2022, the South African Reserve Bank
582:
2246:
1962:
1845:
1923:
600:
The complete PwC report was not made public, but, in March 2019, Steinhoff published a summary of the report, which said that:
2738:
2718:
678:
Predating the accounting scandal was a longstanding legal dispute between Steinhoff and Austrian investor Andreas Seifert of
289:
group. The company operated in Europe, Africa, Asia, the United States, Australia, and New Zealand. It was well known for an
863:
812:
281:
that was dual listed in Germany and South Africa. It was officially liquidated on 13 October 2023. Its holdings were in the
2697:
2758:
2106:
514:
and upholstery and bedding manufacturer Relyon were sold by Steinhoff to UK-based private equity group Alteri Investors.
260:
2077:
381:
In December 2015, Steinhoff International moved its primary listing from the Johannesburg Stock Exchange to the
2194:
1130:
1161:
245:
721:, Refinery, Russels, Shoe City, Tekkie Town and Timbercity. Powersales was another African Steinhoff brand.
2311:
2220:
1897:
472:($ 128 million). In 2018, Steinhoff negotiated with its creditors a three-year reprieve on debt repayment.
67:
895:"Inside the Steinhoff saga, one of the biggest cases of corporate fraud in South African business history"
2507:
1191:
330:
609:
The report found that, between 2009 and 2017, the fictitious and irregular transactions had amounted to
2642:
1671:
586:
578:
426:
666:
retail investors for the share price drop through compensation from a combined payout "pot" of around
560:
On 5 December 2017, Jooste, Steinhoff's CEO, resigned in connection to the accounting irregularities.
1026:"MDax-Neuling Steinhoff Möbel: Der große Ikea-Rivale, den Sie nicht kennen (aber kennen sollten) (1)"
321:
the following year. The company moved its headquarters to South Africa in 1998, attracted by the low
275:
2427:
1028:[MDax Newcomer Steinhoff Möbel: The Big Ikea Rival You Didn't Know (But Should Know) (1)].
936:
382:
318:
72:
1764:
1545:
1398:
1332:
1299:
738:
Steinhoff expanded into the United States market on 7 August 2016 when it acquired Mattress Firm.
2432:
2367:
2304:
663:
622:
326:
285:
sector, primarily in furniture and household goods, and included a 43,8% stake in South Africa's
569:
2537:
694:
581:
condemned Steinhoff and called for investigations of the company by regulators, including the
2492:
714:
419:
353:
86 million investment in the United Kingdom's Homestyle Group, in 2005; and, in 2011, a
44:
1002:
2597:
1493:[Balance sheet scandal and billions in debts: Steinhoff is fighting for survival].
354:
8:
2512:
2467:
2250:
573:
549:
at Steinhoff. The company said that the investigation concerned the proper disclosure of
546:
385:, and founded a new Dutch holding company, Steinhoff International Holdings NV, based in
290:
2447:
1735:"Deloitte agrees to pay out up to R1.3bn in compensation to claimants against Steinhoff"
2417:
2162:[Head of the furniture manufacturer Steinhoff in the sights of the judiciary].
2049:[Is Peter Wakkie, ABN Amro's bonus supervisory director, a bit rich himself?].
904:
667:
590:
501:(in Europe); and also sold property assets attached to its retail operations in Europe.
322:
478:
As of August 2019, Steinhoff creditors had received a 50 per cent stake in Conforama.
2397:
1458:
511:
498:
338:
1701:"Steinhoff shares plunge 60% as Jooste quits over alleged accounting irregularities"
76:
2617:
2352:
1739:
655:
647:
507:
468:
to Steinhoff. Nomura confirmed that it had booked an unrealised loss of 14 billion
418:
for $ 3.8 billion. In February 2017, Steinhoff and South African retail giant
2652:
2587:
2437:
2164:
2018:
1030:
698:
626:
529:
461:
445:
More significantly, in the aftermath of a major accounting scandal in 2017–2019 (
414:
In August 2016, Steinhoff announced its plan to purchase the United States-based
371:
306:
278:
224:
127:
2092:
1985:
1364:
1222:
1079:
1057:
643:
554:
522:
491:
350:
39:
28:
1491:"Bilanzskandal und Schulden in Milliardenhöhe: Steinhoff kämpft ums Überleben"
2712:
2692:
2622:
2612:
2472:
1963:"SA financial authorities '2 months' away from closing in on Steinhoff fraud"
966:"South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis"
415:
389:. This move reflected Steinhoff's shift from its traditional markets, in the
375:
294:
216:
167:
54:
2134:"This is what Steinhoff claimants can expect to get paid out from R25bn pot"
2667:
2657:
2482:
2047:"Is Peter Wakkie, de bonus-commissaris van ABN Amro, zelf een beetje rijk?"
1495:
1245:"Mattress Firm emerges from Chapter 11 bankruptcy after less than 2 months"
469:
434:
390:
374:
focused on low-end retail; the $ 5.7 billion cash-and-share deal made
150:
146:
116:
2647:
1433:"Steinhoff sells half of POCO to Andreas Seifert, ending a bitter dispute"
517:
On 8 July 2020, Steinhoff sold its remaining stake in Conforama France to
433:
bankruptcy 2 months later after financial restructuring with support from
2582:
2577:
2477:
2289:
899:
718:
497:
sold its shares in KAP Industrial and PSG Group (in South Africa) and in
485:
that it would address its debts by selling off its non-retail assets and
482:
465:
334:
310:
253:
237:
112:
63:
2632:
2627:
2572:
2532:
2422:
1519:"Steinhoff looks to sell off assets after $ 7 billion accounting fraud"
1399:"Ex-Steinhoff executives used €6.5bn in fake transactions, report says"
684:
651:
518:
429:. In October 2018, Mattress Firm filed for bankruptcy but emerged from
203:
2452:
2221:"Steinhoff settles lawsuit in Germany over ownership of retailer POCO"
759:"QUARTERLY UPDATE NINE MONTHS ENDED 30 JUNE 2018 (9MFY18) (UNAUDITED)"
400:
with capitalization of over €20 billion but had a low trading volume.
265:
2562:
2457:
2402:
2392:
1644:
1103:"Steinhoff seals Poundland takeover after shareholders give blessing"
725:
710:
464:
and a range of U.S. institutions, which had extended a $ 1.9 billion
404:
386:
358:
314:
249:
211:
2557:
2552:
2442:
2407:
1609:
1264:"Exclusive: Mattress Firm explores U.S. bankruptcy to close stores"
1162:"Wiese resigns as Steinhoff chairman in wake of accounting scandal"
561:
1945:"Steinhoff Deals Come Back to Haunt Retailer in PwC Investigation"
1642:[Conforama France bought by But to be stronger together].
333:
that same year. The merged group was headed by Bruno Steinhoff as
293:
which led to criminal charges against its former chief executive,
2687:
2567:
2542:
2338:
2329:
1898:"Steinhoff takes $ 12 billion writedown after accounting scandal"
1765:"Ex-Steinhoff boss denies knowledge of accounting irregularities"
1575:
1268:
1131:"South Africa's Steinhoff to Buy Mattress Firm for $ 3.8 Billion"
693:. Most centrally, however, the dispute concerned Steinhoff asset
690:
565:
550:
457:
1300:"Steinhoff to sell assets in push to survive debts and lawsuits"
839:"The Rise and Fall of Steinhoff, South Africa's Global Retailer"
2682:
2672:
2592:
2547:
2497:
2362:
2275:
1571:"Steinhoff agrees to sell stake in Conforama France to Mobilux"
1463:
997:
970:
630:
610:
486:
456:– $ 10 billion worth – and possible further liabilities due to
367:
362:
286:
282:
89:
2078:"Ex-Steinhoff CEO said to be charged in German criminal probe"
1794:"'Steinhoff cannot cherry pick the PwC report for the public'"
1640:"Conforama France racheté par But pour être plus forts à deux"
937:"Home Retail bid fits Steinhoff's bold strategy for expansion"
2677:
2662:
2527:
2387:
2377:
732:
594:
1218:"Steinhoff's Mattress Firm Goes Bankrupt, Shuts Some Stores"
2412:
2334:
1820:"Finance Committee Outraged by Irregularities at Steinhoff"
1546:"Steinhoff sells UK furniture business to Alteri Investors"
614:
453:
397:
2160:"Chef des Möbelherstellers Steinhoff im Visier der Justiz"
540:
2012:
Hensen, Chris; van der Heijden, Teri (26 January 2017).
1846:"Parliament's finance committee lashes out at Steinhoff"
349:
In subsequent years, Steinhoff acquisitions included an
16:
South African-based international retail holding company
1484:
1482:
1426:
1424:
1422:
1420:
1360:"Nomura Lost Millions on Margin Loan Tied to Steinhoff"
1080:"Poundland agrees higher takeover offer from Steinhoff"
813:"Steinhoff finally scratched off the markets this week"
2195:"Dutch court rules Steinhoff must amend 2016 accounts"
2107:"Markus Jooste asset seizure: 'NPA asleep on the job'"
2011:
1192:"Serta Simmons And Tuft & Needle Announce Merger"
2016:['Peter Wakkie is not independent at all'].
1872:"Parliamentary committees condemn Steinhoff scandal"
1479:
1417:
2734:
Companies listed on the Johannesburg Stock Exchange
2158:Schwarzer, Ursula; Clausen, Sven (24 August 2017).
1634:
1632:
1058:"Poundland agrees to £597m takeover from Steinhoff"
724:In the UK, Steinhoff owned the high street brands,
2249:. Steinhoff International Holdings. Archived from
2189:
2187:
1598:
1596:
1594:
313:, Germany. Bruno Steinhoff sourced furniture from
1728:
1726:
1724:
1722:
709:Steinhoff's South African Pepkor brands included
2710:
2157:
1629:
1431:Matussek, Karin; Simon, Zoltan (26 April 2018).
959:
957:
930:
928:
926:
924:
922:
753:
751:
2184:
2151:
2014:"'Peter Wakkie ís helemaal niet onafhankelijk'"
1591:
1255:
1125:
1123:
673:
425:In 2017, Mattress Firm split from its supplier
2076:Matussek, Karin; Bowker, John (4 March 2021).
2075:
1719:
1537:
934:
889:
887:
885:
378:Steinhoff's largest shareholder and chairman.
2312:
1450:
1430:
954:
919:
748:
1120:
701:of €532.5 million for Poco in its entirety.
882:
2319:
2305:
1185:
1183:
810:
646:that, in late 2020, German prosecutors in
579:Parliament of the Republic of South Africa
1602:
1333:"Steinhoff lenders withdraw credit lines"
396:In March 2016, Steinhoff was a member of
1648:(in French). 8 July 2020. Archived from
1456:
1261:
1100:
481:In September 2019, the company told its
259:
244:
1189:
1180:
1017:
448:
403:In July 2016, UK discount retail chain
2754:2023 disestablishments in South Africa
2711:
2131:
1732:
1023:
792:. Steinhoff International Holdings N.V
541:Investigations into corruption scandal
521:which has been the furniture retailer
357:1.2 billion investment in French
2300:
2044:
1788:
1786:
1759:
1757:
1695:
1693:
1393:
1391:
1389:
1387:
1357:
1327:
1325:
1323:
1321:
1294:
1292:
1290:
1288:
1286:
1156:
1154:
1152:
811:Haripersad, Devina (9 October 2023).
779:
728:(under Pepco Group) and Sleepmaster.
535:
183:EUR 12.9 billion (2017–18 - 9 months)
22:Steinhoff International Holdings N.V.
2724:Retail companies established in 1964
1993:from the original on 5 February 2021
1924:"Overview of Forensic Investigation"
1543:
1488:
1215:
1190:Carlson, Marten (12 February 2019).
1101:Bradshaw, Julia (7 September 2016).
2744:1964 establishments in West Germany
2045:Smits, Henk Willem (9 April 2015).
1676:Steinhoff International Holdings NV
1544:Eley, Jonathan (15 November 2019).
1358:Hyuga, Takahiko (1 February 2018).
1262:DiNapoli, Jessica (6 August 2018).
963:
935:Andrew England (24 February 2016).
864:"Steinhoff returns to German roots"
836:
13:
1783:
1754:
1690:
1384:
1318:
1283:
1149:
14:
2770:
2749:2023 disestablishments in Germany
2269:
1603:Prudhomme, Cécile (8 July 2020).
1457:ZSIBORÁS, GERGŐ (25 April 2018).
713:, Buco, Dunns, Flash, HiFi Corp,
636:
370:, a South African investment and
305:Steinhoff was founded in 1964 by
2729:Retail companies of South Africa
2698:Wüstenrot & Württembergische
2328:
2281:Steinhoff International Holdings
2274:
1733:Cronje, Jan (15 February 2021).
1489:Kolf, Florian (16 August 2019).
1216:Kary, Tiffany (5 October 2018).
440:
194:
193:
179:
178:
27:
2239:
2213:
2125:
2099:
2069:
2038:
2005:
1973:
1955:
1937:
1916:
1890:
1864:
1838:
1812:
1664:
1563:
1511:
1351:
1237:
1209:
1094:
1072:
1050:
837:Kew, Janice (6 December 2017).
731:In Ireland, Steinhoff operated
452:), Steinhoff faced significant
1024:Kaiser, Arvid (4 March 2016).
985:
964:Çam, Deniz (7 December 2017).
903:. 28 June 2018. Archived from
856:
830:
804:
532:in Australia and New Zealand.
422:called off a proposed merger.
1:
1001:. 12 May 2020. Archived from
741:
717:, John Craig, Pennypinchers,
2739:Former dual-listed companies
2719:Companies based in Amsterdam
2132:Cronje, Jan (7 March 2022).
870:. Bloomberg. 8 December 2015
674:Dispute with Andreas Seifert
506:In November 2019, UK chains
344:
7:
2508:Heidelberger Druckmaschinen
2168:(in German). Archived from
1672:"Who we are and what we do"
1613:(in French). Archived from
1034:(in German). Archived from
446:
331:Johannesburg Stock Exchange
101:; 60 years ago
10:
2775:
2759:Corruption in South Africa
2053:(in Dutch). Archived from
2022:(in Dutch). Archived from
1824:Parliament of South Africa
1082:. BBC News. 11 August 2016
766:Steinhoffinternational.com
587:South African Reserve Bank
572:to perform an independent
361:, Europe's second largest
300:
238:steinhoffinternational.com
2348:
1525:. Reuters. 13 August 2019
993:"Steinhoff International"
704:
233:
202:
187:
174:
161:
141:
133:
123:
95:
85:
52:
35:
26:
2428:Deutsche Beteiligungs AG
1249:Phoenix business journal
1137:. Reuters. 8 August 2016
1060:. BBC News. 13 July 2016
633:as the firm's auditors.
583:Financial Services Board
383:Frankfurt Stock Exchange
254:Wallisellen, Switzerland
2433:Deutsche Pfandbriefbank
2368:ADVA Optical Networking
2111:The Mail & Guardian
1931:Steinhoff International
1798:The Mail & Guardian
1705:The Mail & Guardian
623:chief operating officer
621:After a stint in which
272:Steinhoff International
607:
570:PricewaterhouseCoopers
268:
257:
2638:Sto SE & Co. KGaA
2493:Grand City Properties
2283:at Wikimedia Commons
715:Incredible Connection
602:
337:and Markus Jooste as
263:
248:
45:Naamloze vennootschap
2598:ProSiebenSat.1 Media
2463:Eckert & Ziegler
2057:on 18 September 2020
1038:on 24 September 2017
2468:Elmos Semiconductor
564:, then Steinhoff's
264:Steinhoff plant in
189:Number of employees
23:
2418:CompuGroup Medical
2342:updated 25.01.2024
2201:. 19 February 2018
1878:. 11 December 2017
1852:. 12 December 2017
1826:. 12 December 2017
1771:. 5 September 2018
1372:on 6 February 2018
1339:. 19 December 2017
1168:. 14 December 2017
536:Corruption scandal
335:executive chairman
291:accounting scandal
269:
258:
21:
2706:
2705:
2538:Klöckner & Co
2398:Borussia Dortmund
2353:1&1 Drillisch
2343:
2279:Media related to
2172:on 26 August 2017
2113:. 20 October 2022
1981:"Peter N. Wakkie"
1800:. 31 January 2022
1707:. 6 December 2017
787:"2014/15 results"
339:managing director
243:
242:
2766:
2618:Schaeffler Group
2513:Hornbach Holding
2488:GFT Technologies
2341:
2333:
2332:
2321:
2314:
2307:
2298:
2297:
2293:
2292:
2290:Official website
2278:
2263:
2262:
2260:
2258:
2253:on 25 March 2016
2247:"Group overview"
2243:
2237:
2236:
2234:
2232:
2217:
2211:
2210:
2208:
2206:
2191:
2182:
2181:
2179:
2177:
2155:
2149:
2148:
2146:
2144:
2129:
2123:
2122:
2120:
2118:
2103:
2097:
2096:
2090:
2088:
2073:
2067:
2066:
2064:
2062:
2042:
2036:
2035:
2033:
2031:
2009:
2003:
2002:
2000:
1998:
1977:
1971:
1970:
1959:
1953:
1952:
1951:. 15 March 2019.
1941:
1935:
1934:
1933:. 15 March 2019.
1928:
1920:
1914:
1913:
1911:
1909:
1894:
1888:
1887:
1885:
1883:
1868:
1862:
1861:
1859:
1857:
1842:
1836:
1835:
1833:
1831:
1816:
1810:
1809:
1807:
1805:
1790:
1781:
1780:
1778:
1776:
1761:
1752:
1751:
1749:
1747:
1730:
1717:
1716:
1714:
1712:
1697:
1688:
1687:
1685:
1683:
1668:
1662:
1661:
1659:
1657:
1652:on 11 March 2021
1636:
1627:
1626:
1624:
1622:
1600:
1589:
1588:
1586:
1584:
1567:
1561:
1560:
1558:
1556:
1541:
1535:
1534:
1532:
1530:
1515:
1509:
1508:
1506:
1504:
1486:
1477:
1476:
1474:
1472:
1454:
1448:
1447:
1445:
1443:
1428:
1415:
1414:
1412:
1410:
1395:
1382:
1381:
1379:
1377:
1368:. Archived from
1355:
1349:
1348:
1346:
1344:
1329:
1316:
1315:
1313:
1311:
1306:. 13 August 2019
1296:
1281:
1280:
1278:
1276:
1259:
1253:
1252:
1241:
1235:
1234:
1232:
1230:
1213:
1207:
1206:
1204:
1202:
1196:Mattress Clarity
1187:
1178:
1177:
1175:
1173:
1158:
1147:
1146:
1144:
1142:
1127:
1118:
1117:
1115:
1113:
1098:
1092:
1091:
1089:
1087:
1076:
1070:
1069:
1067:
1065:
1054:
1048:
1047:
1045:
1043:
1021:
1015:
1014:
1012:
1010:
1005:on 12 March 2021
989:
983:
982:
980:
978:
961:
952:
951:
949:
947:
932:
917:
916:
914:
912:
891:
880:
879:
877:
875:
860:
854:
853:
851:
849:
834:
828:
827:
825:
823:
808:
802:
801:
799:
797:
791:
783:
777:
776:
774:
772:
763:
755:
699:equity valuation
688:
662:finalised plans
547:accounting fraud
508:Bensons for Beds
451:
323:production costs
266:Kłodzko, Poland.
197:
196:
182:
181:
109:
107:
102:
31:
24:
20:
2774:
2773:
2769:
2768:
2767:
2765:
2764:
2763:
2709:
2708:
2707:
2702:
2588:Pfeiffer Vacuum
2438:Deutsche Wohnen
2344:
2327:
2325:
2288:
2287:
2272:
2267:
2266:
2256:
2254:
2245:
2244:
2240:
2230:
2228:
2227:. 26 April 2018
2219:
2218:
2214:
2204:
2202:
2193:
2192:
2185:
2175:
2173:
2165:Manager Magazin
2156:
2152:
2142:
2140:
2130:
2126:
2116:
2114:
2105:
2104:
2100:
2086:
2084:
2074:
2070:
2060:
2058:
2043:
2039:
2029:
2027:
2026:on 19 July 2018
2019:NRC Handelsblad
2010:
2006:
1996:
1994:
1979:
1978:
1974:
1969:. 6 March 2019.
1961:
1960:
1956:
1943:
1942:
1938:
1926:
1922:
1921:
1917:
1907:
1905:
1896:
1895:
1891:
1881:
1879:
1870:
1869:
1865:
1855:
1853:
1844:
1843:
1839:
1829:
1827:
1818:
1817:
1813:
1803:
1801:
1792:
1791:
1784:
1774:
1772:
1769:Financial Times
1763:
1762:
1755:
1745:
1743:
1731:
1720:
1710:
1708:
1699:
1698:
1691:
1681:
1679:
1670:
1669:
1665:
1655:
1653:
1638:
1637:
1630:
1620:
1618:
1617:on 9 March 2021
1601:
1592:
1582:
1580:
1569:
1568:
1564:
1554:
1552:
1550:Financial Times
1542:
1538:
1528:
1526:
1517:
1516:
1512:
1502:
1500:
1487:
1480:
1470:
1468:
1455:
1451:
1441:
1439:
1429:
1418:
1408:
1406:
1405:. 15 March 2019
1403:Financial Times
1397:
1396:
1385:
1375:
1373:
1356:
1352:
1342:
1340:
1337:Financial Times
1331:
1330:
1319:
1309:
1307:
1304:Financial Times
1298:
1297:
1284:
1274:
1272:
1260:
1256:
1243:
1242:
1238:
1228:
1226:
1214:
1210:
1200:
1198:
1188:
1181:
1171:
1169:
1160:
1159:
1150:
1140:
1138:
1129:
1128:
1121:
1111:
1109:
1099:
1095:
1085:
1083:
1078:
1077:
1073:
1063:
1061:
1056:
1055:
1051:
1041:
1039:
1031:Manager Magazin
1022:
1018:
1008:
1006:
991:
990:
986:
976:
974:
962:
955:
945:
943:
941:Financial Times
933:
920:
910:
908:
907:on 9 March 2021
893:
892:
883:
873:
871:
862:
861:
857:
847:
845:
835:
831:
821:
819:
809:
805:
795:
793:
789:
785:
784:
780:
770:
768:
761:
757:
756:
749:
744:
707:
682:
676:
639:
627:Mikhail Fridman
555:taxable profits
543:
538:
530:Greenlit Brands
443:
372:holding company
347:
307:Bruno Steinhoff
303:
279:holding company
229:
225:Greenlit Brands
190:
164:
157:
153:
137:13 October 2023
128:Bruno Steinhoff
110:
105:
103:
100:
81:
57:
17:
12:
11:
5:
2772:
2762:
2761:
2756:
2751:
2746:
2741:
2736:
2731:
2726:
2721:
2704:
2703:
2701:
2700:
2695:
2690:
2685:
2680:
2675:
2670:
2665:
2660:
2655:
2650:
2645:
2640:
2635:
2630:
2625:
2620:
2615:
2610:
2605:
2600:
2595:
2590:
2585:
2580:
2575:
2570:
2565:
2560:
2555:
2550:
2545:
2540:
2535:
2530:
2525:
2520:
2515:
2510:
2505:
2503:Hamborner Reit
2500:
2495:
2490:
2485:
2480:
2475:
2470:
2465:
2460:
2455:
2450:
2445:
2440:
2435:
2430:
2425:
2420:
2415:
2410:
2405:
2400:
2395:
2390:
2385:
2380:
2375:
2370:
2365:
2360:
2355:
2349:
2346:
2345:
2324:
2323:
2316:
2309:
2301:
2295:
2294:
2271:
2270:External links
2268:
2265:
2264:
2238:
2212:
2183:
2150:
2124:
2098:
2093:Bloomberg News
2068:
2037:
2004:
1972:
1954:
1936:
1915:
1904:. 29 June 2018
1889:
1863:
1837:
1811:
1782:
1753:
1718:
1689:
1663:
1628:
1590:
1562:
1536:
1510:
1478:
1467:(in Hungarian)
1449:
1416:
1383:
1365:Bloomberg News
1350:
1317:
1282:
1254:
1236:
1223:Bloomberg News
1208:
1179:
1148:
1119:
1093:
1071:
1049:
1016:
984:
953:
918:
881:
855:
829:
803:
778:
746:
745:
743:
740:
706:
703:
675:
672:
638:
637:Legal response
635:
542:
539:
537:
534:
492:Eastern Europe
442:
439:
346:
343:
302:
299:
241:
240:
235:
231:
230:
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227:
222:
219:
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208:
206:
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198:130,000 (2018)
191:
188:
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176:
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171:
165:
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158:
155:
145:
143:
139:
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97:
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53:
50:
49:
37:
33:
32:
15:
9:
6:
4:
3:
2:
2771:
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2730:
2727:
2725:
2722:
2720:
2717:
2716:
2714:
2699:
2696:
2694:
2693:Wacker Neuson
2691:
2689:
2686:
2684:
2681:
2679:
2676:
2674:
2671:
2669:
2666:
2664:
2661:
2659:
2656:
2654:
2653:SÜSS MicroTec
2651:
2649:
2646:
2644:
2641:
2639:
2636:
2634:
2631:
2629:
2626:
2624:
2623:Schott Pharma
2621:
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2614:
2611:
2609:
2606:
2604:
2601:
2599:
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2594:
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2554:
2551:
2549:
2546:
2544:
2541:
2539:
2536:
2534:
2531:
2529:
2526:
2524:
2523:Indus Holding
2521:
2519:
2516:
2514:
2511:
2509:
2506:
2504:
2501:
2499:
2496:
2494:
2491:
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2473:Energiekontor
2471:
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2371:
2369:
2366:
2364:
2361:
2359:
2356:
2354:
2351:
2350:
2347:
2340:
2337:companies of
2336:
2331:
2322:
2317:
2315:
2310:
2308:
2303:
2302:
2299:
2291:
2286:
2285:
2284:
2282:
2277:
2252:
2248:
2242:
2226:
2222:
2216:
2200:
2196:
2190:
2188:
2171:
2167:
2166:
2161:
2154:
2139:
2135:
2128:
2112:
2108:
2102:
2094:
2083:
2079:
2072:
2056:
2052:
2048:
2041:
2025:
2021:
2020:
2015:
2008:
1992:
1988:
1987:
1982:
1976:
1968:
1964:
1958:
1950:
1946:
1940:
1932:
1925:
1919:
1903:
1899:
1893:
1877:
1873:
1867:
1851:
1847:
1841:
1825:
1821:
1815:
1799:
1795:
1789:
1787:
1770:
1766:
1760:
1758:
1742:
1741:
1736:
1729:
1727:
1725:
1723:
1706:
1702:
1696:
1694:
1677:
1673:
1667:
1651:
1647:
1646:
1641:
1635:
1633:
1616:
1612:
1611:
1606:
1599:
1597:
1595:
1579:. 8 July 2020
1578:
1577:
1572:
1566:
1551:
1547:
1540:
1524:
1520:
1514:
1498:
1497:
1492:
1485:
1483:
1466:
1465:
1460:
1453:
1438:
1434:
1427:
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1423:
1421:
1404:
1400:
1394:
1392:
1390:
1388:
1371:
1367:
1366:
1361:
1354:
1338:
1334:
1328:
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1324:
1322:
1305:
1301:
1295:
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1291:
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1287:
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1265:
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1250:
1246:
1240:
1225:
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1219:
1212:
1197:
1193:
1186:
1184:
1167:
1163:
1157:
1155:
1153:
1136:
1132:
1126:
1124:
1108:
1107:The Telegraph
1104:
1097:
1081:
1075:
1059:
1053:
1037:
1033:
1032:
1027:
1020:
1004:
1000:
999:
994:
988:
973:
972:
967:
960:
958:
942:
938:
931:
929:
927:
925:
923:
906:
902:
901:
896:
890:
888:
886:
869:
865:
859:
844:
840:
833:
818:
814:
807:
788:
782:
767:
760:
754:
752:
747:
739:
736:
734:
729:
727:
722:
720:
716:
712:
702:
700:
696:
692:
686:
681:
671:
669:
665:
664:to compensate
659:
657:
653:
649:
645:
634:
632:
628:
624:
619:
616:
612:
606:
601:
598:
596:
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558:
556:
552:
548:
533:
531:
526:
524:
520:
515:
513:
509:
504:
503:
500:
499:Showroomprivé
496:
493:
488:
484:
479:
476:
473:
471:
467:
463:
459:
455:
450:
441:Debt problems
438:
436:
432:
428:
423:
421:
417:
416:Mattress Firm
412:
408:
406:
401:
399:
394:
392:
388:
384:
379:
377:
376:Christo Wiese
373:
369:
364:
360:
356:
352:
342:
340:
336:
332:
328:
324:
320:
316:
312:
308:
298:
296:
295:Markus Jooste
292:
288:
284:
280:
277:
276:multinational
273:
267:
262:
255:
251:
247:
239:
236:
232:
226:
223:
220:
218:
217:Mattress Firm
215:
213:
210:
209:
207:
205:
201:
192:
186:
177:
173:
169:
168:Markus Jooste
166:
160:
152:
148:
144:
140:
136:
132:
129:
126:
122:
118:
114:
98:
94:
91:
88:
84:
78:
74:
71:
69:
65:
62:
61:
59:
56:
51:
47:
46:
41:
38:
34:
30:
25:
19:
2668:ThyssenKrupp
2603:PVA TePla AG
2483:Flatexdegiro
2373:Amadeus Fire
2273:
2255:. Retrieved
2251:the original
2241:
2229:. Retrieved
2224:
2215:
2203:. Retrieved
2198:
2174:. Retrieved
2170:the original
2163:
2153:
2141:. Retrieved
2137:
2127:
2115:. Retrieved
2110:
2101:
2091:– via
2085:. Retrieved
2081:
2071:
2059:. Retrieved
2055:the original
2050:
2040:
2028:. Retrieved
2024:the original
2017:
2007:
1995:. Retrieved
1984:
1975:
1966:
1957:
1948:
1939:
1930:
1918:
1906:. Retrieved
1901:
1892:
1880:. Retrieved
1876:Sunday Times
1875:
1866:
1854:. Retrieved
1849:
1840:
1828:. Retrieved
1823:
1814:
1802:. Retrieved
1797:
1773:. Retrieved
1768:
1744:. Retrieved
1738:
1709:. Retrieved
1704:
1680:. Retrieved
1675:
1666:
1654:. Retrieved
1650:the original
1643:
1619:. Retrieved
1615:the original
1608:
1581:. Retrieved
1574:
1565:
1553:. Retrieved
1549:
1539:
1527:. Retrieved
1523:Moneycontrol
1522:
1513:
1501:. Retrieved
1496:Handelsblatt
1494:
1469:. Retrieved
1462:
1452:
1440:. Retrieved
1437:Business Day
1436:
1407:. Retrieved
1402:
1374:. Retrieved
1370:the original
1363:
1353:
1341:. Retrieved
1336:
1308:. Retrieved
1303:
1273:. Retrieved
1267:
1257:
1248:
1239:
1227:. Retrieved
1221:
1211:
1199:. Retrieved
1195:
1170:. Retrieved
1165:
1139:. Retrieved
1134:
1110:. Retrieved
1106:
1096:
1084:. Retrieved
1074:
1062:. Retrieved
1052:
1040:. Retrieved
1036:the original
1029:
1019:
1007:. Retrieved
1003:the original
996:
987:
975:. Retrieved
969:
944:. Retrieved
940:
909:. Retrieved
905:the original
898:
872:. Retrieved
867:
858:
846:. Retrieved
842:
832:
820:. Retrieved
816:
806:
794:. Retrieved
781:
769:. Retrieved
765:
737:
730:
723:
708:
677:
660:
640:
620:
608:
603:
599:
559:
544:
527:
519:Mobilux Sàrl
516:
505:
502:
495:
487:cutting jobs
483:shareholders
480:
477:
474:
458:civil claims
444:
435:AlixPartners
427:Tempur Sealy
424:
413:
409:
402:
395:
391:Indian Ocean
380:
348:
304:
271:
270:
204:Subsidiaries
170:(former CEO)
156:South Africa
151:Western Cape
147:Stellenbosch
142:Headquarters
117:Lower Saxony
43:
36:Company type
18:
2608:SAF-Holland
2583:Patrizia SE
2578:Norma Group
2383:Auto1 Group
2061:10 February
2051:quotenet.nl
2030:10 February
1830:14 December
1529:3 September
1499:(in German)
900:CNBC Africa
817:The Citizen
796:12 December
683: [
466:margin loan
327:went public
311:Westerstede
221:Pepco Group
113:Westerstede
2713:Categories
2643:Stratec SE
2633:SGL Carbon
2628:SFC Energy
2613:Salzgitter
2573:Nagarro SE
2533:Jost Werke
2448:Drägerwerk
2423:Dermapharm
2231:9 November
2143:9 November
2117:9 November
1997:4 February
1908:9 November
1882:11 October
1856:11 October
1804:9 November
1775:9 November
1711:9 November
1682:9 November
1409:9 November
1343:9 November
1310:9 November
1229:11 October
1172:9 November
1112:29 October
1086:29 October
1064:29 October
874:11 October
848:11 October
822:20 October
771:1 November
742:References
431:Chapter 11
163:Key people
119:, Germany)
2648:Südzucker
2563:MorphoSys
2458:DWS Group
2393:Bilfinger
1986:Bloomberg
1949:Bloomberg
1645:Le Figaro
843:Bloomberg
726:Poundland
711:Ackermans
648:Oldenburg
644:Bloomberg
405:Poundland
387:Amsterdam
359:Conforama
345:Expansion
315:communist
250:Conforama
212:Conforama
55:Traded as
2558:Metro AG
2553:KWS Saat
2518:Hypoport
2478:Fielmann
2443:Deutz AG
2408:Ceconomy
2257:25 March
2205:12 March
2176:12 March
2087:12 March
1991:Archived
1746:12 March
1656:12 March
1621:12 March
1610:Le Monde
1583:12 March
1503:12 March
1471:12 March
1442:12 March
1376:12 March
1275:12 March
1201:12 March
1141:9 August
1042:12 March
1009:12 March
977:12 March
946:5 August
911:12 March
652:indicted
613:of over
597:values.
585:and the
574:forensic
562:Deloitte
551:revenues
420:Shoprite
363:retailer
124:Founders
86:Industry
2688:Vossloh
2568:Mutares
2543:Kontron
2453:Dürr AG
2339:Germany
2225:Reuters
2199:Reuters
2082:BizNews
1967:BizNews
1902:Reuters
1576:Reuters
1269:Reuters
1166:Reuters
1135:Fortune
680:XXXLutz
591:profits
566:auditor
512:Harveys
329:on the
301:History
234:Website
175:Revenue
134:Defunct
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2683:Verbio
2673:Traton
2658:Synlab
2498:Grenke
2403:Cancom
2363:Adtran
2358:Adesso
1740:News24
1678:. 2022
1555:1 July
1464:Forbes
998:Forbes
971:Forbes
705:Brands
691:forged
656:seized
631:Mazars
611:income
593:, and
462:Nomura
368:Pepkor
325:, and
319:merger
287:Pepkor
283:retail
274:was a
90:Retail
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2678:VARTA
2663:Takkt
2528:Ionos
2388:BayWa
2378:Atoss
2138:Fin24
1927:(PDF)
1850:Fin24
790:(PDF)
762:(PDF)
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595:asset
454:debts
449:below
2413:Cewe
2335:SDAX
2259:2016
2233:2022
2207:2021
2178:2021
2145:2022
2119:2022
2089:2021
2063:2021
2032:2021
1999:2021
1910:2022
1884:2018
1858:2018
1832:2017
1806:2022
1777:2022
1748:2021
1713:2022
1684:2022
1658:2021
1623:2021
1585:2021
1557:2020
1531:2019
1505:2021
1473:2021
1444:2021
1411:2022
1378:2021
1345:2022
1312:2022
1277:2021
1231:2018
1203:2021
1174:2022
1143:2016
1114:2016
1088:2016
1066:2016
1044:2021
1011:2021
979:2021
948:2016
913:2021
876:2018
850:2018
824:2023
798:2015
773:2018
695:Poco
650:had
553:and
510:and
447:see
398:MDAX
106:1964
99:1964
2593:PNE
2548:KSB
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