Dealz stores parent restates accounts

Steinhoff, the parent group of the Dealz and Poundland discount stores, will have to restate its 2015 accounts and maybe earlier figures, the South African retailer has said, having already warned on its 2016 numbers.

Steinhoff, the parent group of the Dealz and Poundland discount stores, will have to restate its 2015 accounts and maybe earlier figures, the South African retailer has said, having already warned on its 2016 numbers.

The owner of more than 40 retail brands including Conforama, Mattress Firm and Poundland is fighting for survival after flagging accounting irregularities last month and parting ways with its veteran chief executive, Markus Jooste.