Steinhoff International Holdings NV is reviving plans for a potential share sale of European discount retailer Pepco Group after the coronavirus pandemic caused the move to be put on hold in mid-2020. The evaluation process is back underway, with a range of options under consideration, the South African company said in a statement on Monday. Pepco, which has about 2,800 stores in 14 countries, has been the group’s star performer and one of Steinhoff’s more valuable remaining assets. The share sale had been on track before a series of European lockdowns started to hit revenue in March last year, heightening uncertainty. The company plans to enter Spain and is already looking to expand into another undisclosed European market, he said.

Source: News 24 January 25, 2021 17:15 UTC