On Monday, France’s Secretary of State for Digital Affairs, Mouni Mahjoubi, castigated Amazon for not being among the signatories of the code of conduct for e-tailers and the SMEs selling products on their sites.
Steinhoff International Holdings , now expects to publish its group audited financial statements for 2017 and 2018 by mid-April 2019, as an investigation by auditors PwC has been delayed, the retailer said on Thursday.
Steinhoff's former CEO, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities when he left the firm in December.
Steinhoff’s board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months after creditors of the South African retailer threw it a lifeline.
Upmarket department store Galeries Lafayette said on Wednesday it will sell Boulanger household appliances and multimedia products in its stores, the latest alliance to compete with online giants like Amazon .
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.