Steinhoff slumps on report CEO being probed in fraud case

Steinhoff International Holdings NV shares slumped the most on record after Manager-Magazin reported that CEO Markus Jooste is among employees being investigated by German prosecutors in a 2015 case tied to possible accounting fraud. The clothing and food retailer’s stock dropped as much as 14% in Frankfurt and traded 7.8% lower at 3.90 euros as … Continue reading Steinhoff slumps on report CEO being probed in fraud case