International holdings retailer Steinhoff have reported a first-half net loss, even though the revenues have risen by 1% to €9.4bn for the six months to 31 March 2018.
The Poundland owner said it is now in restructuring talks with creditors in London, and that it is a top priority for the retailer to sign off a restructuring plan with creditors as soon as possible.
Steinhoff have been selling off several assets to raise money, but in April it said that its debt levels are still too high even after taking this approach.
