‘No way back’ for Steinhoff as share price plunge nears 90%

Steinhoff International Holdings NV shares extended losses to more than 88% since the start of an accounting scandal that’s threatening the survival of the global furniture and clothing retailer. The stock slumped a further 41% in Frankfurt on Friday after Moody’s Investors Service slashed the credit rating by four notches to junk late on Thursday, … Continue reading ‘No way back’ for Steinhoff as share price plunge nears 90%