Steinhoff
Proper noun
Meaning
Steinhoff (plural Steinhoffs)
A surname.
Examples
Nebraska soybean farmers elected Doug Saathoff of Trumbull and Brent Steinhoff of Syracuse to the Nebraska Soybean Board in the July election.
Dutch shareholders are suing accountants Deloitte & Touche seeking damages for alleged failures in the vetting of the books of retailer Steinhoff.
In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton.
Since the AGM, Steinhoff said it received a request for authorisation of the German class action suit.
Remember, a Ponzi scheme is an investment whose returns rely mainly or wholly on deposits from new investors, and it is increasingly looking like Steinhoff was a gigantic Ponzi scheme.
Steinhoff aggressively expanded in developed markets since moving its primary share listing from Johannesburg to Frankfurt in 2015, snapping up Britain’s Poundland, US-based Mattress Firm and Australia’s Fantastic.