Steinhoff International is a South African-German-Dutch international retail holding company that is dual listed in Germany and South Africa.
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11 Facts About Steinhoff International
2.
Steinhoff International was founded in 1964 by Bruno Steinhoff International in Westerstede, Germany.
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4.
Steinhoff International moved its headquarters to South Africa in 1998, attracted by the low production costs, and went public on the Johannesburg Stock Exchange that same year.
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5.
In 2011, Steinhoff International bought Conforama, Europe's second largest retailer of home furnishings, with over 200 stores in France, Spain, Switzerland, Portugal, Luxembourg, Italy and Croatia, spending $1.
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6.
In December 2015, Steinhoff International moved its primary listing from the Johannesburg Stock Exchange to the Frankfurt Stock Exchange, and founded a new Dutch holding company Steinhoff International Holdings NV based in Amsterdam.
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7.
In March 2016, Steinhoff International is a member of MDAX with capitalization of over 20 billion Euros but has a low trading volume.
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9.
On 8 July 2020, Steinhoff International sold its remaining stake in Conforama France to Mobilux Sarl which has been the furniture retailer BUT's parent company since 2016.
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10.
In December 2017, the Standing Committee on Finance of the Parliament of the Republic of South Africa condemned Steinhoff International and called for investigations of the company by regulatory bodies including the Financial Services Board and the South African Reserve Bank .
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11.
Steinhoff International expanded into the United States market on 7 August 2016 when it acquired Mattress Firm.
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