Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.
Christo Wiese
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- Southern Africa
Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.Â
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Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
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Wiese, a South African billionaire who played a key role in the growth of Shoprite, has an 11.63-percent stake in the group.
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Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.
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Wiese derives the majority of his fortune from Shoprite.
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Wiese owns an 11.63-percent stake in the company.
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Wiese’s stake in Shoprite is worth over $900 million.
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South African billionaire Christo Wiese-linked Steinhoff settles multi-million dollar lawsuit with Austrian firm
In 2017, Wiese was Steinhoff’s largest shareholder.
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Christo Wiese-linked retailer Steinhoff plummets by over $38 million as shares hit record low
Wiese is a South African billionaire and retail tycoon.