Steinhoff looks to sell off assets after R107.35 bln accounting fraud

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Steinhoff looks to sell off assets after R107.35 bln accounting fraud

Scandal-hit retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become a retail-focused investment holding firm, as it fights to contain the fallout of a R107.35 bln accounting fraud. The company has been making losses of up to …
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Meal-kit delivery firm HelloFresh moves into black on strong sales

German meal-kit company HelloFresh reported its first quarterly underlying operating profit since it listed in 2017, citing robust performance in both its U.S. and broader international segments. The report came days after its U.S.-based rival Blue Apron …
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Temasek Unit Buys Stake in Company That Makes Chairs for Gamers

A unit of state investment company Temasek Holdings Pte has invested in Secretlab, a Singapore-based maker of chairs for players of electronic
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You can now find Lime bikes in NYC in Google Maps

As of this week, it be slightly easier to find Lime’s dockless bikes—currently in use in the city in Staten Island’s North Shore and the Rockaways—in Google Maps. The micromobility company announced today that its two-wheelers will now appear as a transit …
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CBS, Viacom seal merger deal: source

(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have finalized their merger agreement, a source told Reuters on Tuesday, reunifying the U.S. entertainment companies after 13 years apart. Viacom shareholders will receive 0.59625 CBS shares for …
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