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Steinhoff Worldwide mentioned U.S. bedding chain Mattress Agency is contemplating a public share itemizing as a method of returning money to shareholders.The transfer is considered one of a lot of choices being weighed and a closing choice hasn’t been made, Steinhoff mentioned in a press release on Tuesday.
The South African retailer, which got here near collapse following an accounting scandal in late 2017, has been promoting property to pay down debt and fund authorized claims introduced by out-of-pocket traders. The corporate owns a 50.1% stake in Mattress Agency, it mentioned.
Pepco Group, a reduction clothes retailer primarily centered on Jap Europe, was delivered to market by Steinhoff in Might. The agency, which additionally owns U.Okay. retailer Poundland, listed shares in Warsaw.
© 2021 Bloomberg L.P.
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