January 29, 2018 / 9:03 AM / 7 months ago

Steinhoff creditors hire PJT, Latham & Watkins for any debt restructuring

JOHANNESBURG (Reuters) - A group of Steinhoff creditors have appointed financial adviser PJT Partners and law firm Latham Watkins to represent them in any potential debt restructuring, PJT said.

FILE PHOTO: A sign is seen in a Poundland store in London, Britain, November 10, 2015. REUTERS/Stefan Wermuth/File Photo

Steinhoff, owner of more than 40 retail brands including Poundland in Britain, is fighting for survival after admitting “accounting irregularities” last month that triggered an 85 percent share slide.

Reporting by Tiisetso Motsoeneng; editing by Alexander Smith

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