Poundland owner in crisis after revealing ‘accounting irregularities’

Poundland's owner Steinhoff was hit by a triple whammy as its shares crashed by 63% after its long-serving chief executive resigned as it revealed accounting irregularities. Steinhoff is a retail group with 40 brand in more than 30 countries. Its UK brands include Bensons for Beds and Harveys, while last year it bought Poundland for £610m after a protracted takeover. But the South African group was already under pressure, with German tax authorities having been investigating its operations for two years. However the announce... For the full story register now for free or login below...
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