This was prompted by concerns over accounting irregularities and possible fraud at the furniture and household goods retailer. The troubles at Steinhoff have rattled the company's 130 000 employees, who fear losing their jobs. And the local trade unions that represent them have expressed concern
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Macy's Inc. Chief Executive Officer Jeff Gennette will take on a second role as chairman of the beleaguered department store, replacing Terry Lundgren, who is retiring. Gennette, who has been with the department-store chain for three decades, was appointed by the board and will assume the
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In addition to day-to-day expenses, the museum owes $7.5 million to former Mayor Michael Bloomberg, who chairs its board and gave the museum a $15 million line of credit in 2013, before the building opened and began taking in cash. It paid Bloomberg $16,500 in interest in each of the last two years.
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John Heffernan, left and Mark Hollis in front of their store on Dec. 9. Photographer: Stephanie Bodoni/Bloomberg. Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit. Briton Mark Hollis, 50, and his Irish business partner John Heffernan, 52, set up a
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