Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.
Steinhoff
German court initiates extradition process for disgraced South African billionaire Markus Jooste
However, the intricate diplomatic process required for Jooste’s extradition remains uncertain.
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.
Billionaire Christo Wiese-linked retailer files for Dutch court approval for debt restructuring
Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.
Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
Christo Wiese-linked retailer Steinhoff plummets by over $38 million as shares hit record low
Wiese is a South African billionaire and retail tycoon.
Christo Wiese-linked retailer, Steinhoff, gains 13-percent after market cap sheds $270 million
Wiese is a South African billionaire and retail tycoon who played a key role in the growth and expansion of Shoprite.
Christo Wiese-linked retailer Steinhoff plans to settle with claimants in Pepkor-related transaction
In 2014, Wiese sold Pepkor to Steinhoff in exchange for about 20 percent of Steinhoff’s issued shares.