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Bloomberg
Steinhoff International Holdings NV’s first-half sales gain gives the global retailer some wiggle room as it looks to finalise debt-restructuring talks. Still, there is plenty of uncertainty.
Steinhoff said sales rose 3 percent in the six months through March to $7.7 billion.
The owner of Poundland in the UK and Conforama in France reported its third set of earnings in as many months, following revisions to the company’s past financial statements in the wake of the late-2017 crisis.
Pepkor Europe’s discount clothing and household brands were the standout performers, with the division posting a 13 percent gain, mainly driven by expansion in central Europe.