Shareholders come out swinging against plan that would see hedge funds take the assets
In the dying moments of a smouldering three-hour shareholders meeting, called to vote on a plan to finally kill tormented retailer Steinhoff, German shareholder Nicholas Vosswinkel stood and spoke directly to CEO Louis du Preez.
“You’ve done an amazing job in the past couple of years in the restructure of this company. But when this [plan] came out on December 15, this was more than a punch to the stomach, and I lost all the faith I had in you,” he said...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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