[FROM THE ARCHIVES] Christo Wiese on Steinhoff
๐ง๐ต๐ถ๐ ๐๐๐ผ๐ฟ๐ ๐ผ๐ฟ๐ถ๐ด๐ถ๐ป๐ฎ๐น๐น๐ ๐ฎ๐ถ๐ฟ๐ฒ๐ฑ ๐ผ๐ป ๐ฑ ๐๐๐ด๐๐๐ ๐ฎ๐ฌ๐ญ๐ด.
For years, analysts, banks and rating agencies promoted global retailer Steinhoff as a sound investment. With 40 brands under its belt, and operating in over 30 territories, the retail giant was one of the top performers on world markets. That is until the house of cards came tumbling down. Billionaire businessman and former chairman of the company, Christo Wiese, is suing Steinhoff for R59 billion. But was he really unaware of the accounting fraud and financial irregularities happening right under his nose? We put Wiese in the hot seat.
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