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Bloomberg
Steinhoff International Holdings NV’s annual advisory fees climbed 35% last year, pushed by costs related to a deal the retailer reached with creditors to skip debt repayments.
Steinhoff’s shares collapsed in late 2017 when the owner of Conforama in France and Pep stores in Europe and Africa became engulfed in an accounting scandal.
Locked in a battle for survival, the South African company secured a long-awaited restructuring agreement in August covering about 9 billion euros ($10.1 billion) of debt.
That deal came with a cost.