Embattled retail group unveils plan to help deal with some of the dozens of lawsuits it faces
Steinhoff International CEO Louis du Preez. Picture: DWAYNE SENIOR/BLOOMBERG
Du Preez told Business Day TV on Monday that Steinhoff had been interacting with a number of claimants over the past year. This includes Christo Wiese, who hasDu Preez said that should Wiese accept the settlement offer of cash and Pepkor shares, he would own about 7% of Pepkor. Steinhoff on Monday proposed settling some of the dozens of lawsuits against the group through payment in cash and Pepkor shares.
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