Dealz-Poundland parent mulls options to cut debt

Crisis-hit South African retailer, Steinhoff — which owns the Dealz-Poundland discount stores in Ireland — is considering “all of its options” to support its liquidity, after a report that it could sell a stake in its African unit.

Steinhoff, which has more than 40 retail brands, including Conforama, Poundland, and Mattress Firm, faced a fight for survival, after admitting “accounting irregularities” in December, wiping about 85% off its market value and throwing it into a liquidity crisis.