The former CEO of Conforama joined Maus Frères, owner of Lacoste, The Kooples and Aigle, in January 2020, to oversee department store chain Manor, and has now been appointed the Swiss group's deputy CEO.
Steinhoff said on Wednesday it had refinanced some 9 billion euros of debt in its overseas operations which include Poundland in Britain and France's Conforama, after pushing the deadline date back repeatedly.
Steinhoff will face a class action before a German regional court, dragging shares in the South African furniture retailer down by as much as 10 percent on Thursday, as the fallout from its accounting scandal continues.
Steinhoff's former CEO, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities when he left the firm in December.
Steinhoff’s board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months after creditors of the South African retailer threw it a lifeline.