Steinhoff rocked as CEO of accountancy test counters

Steinhoff International Holdings NV collapsed after its chief executive resigned amid accounting irregularities, shaking a company that quickly expanded from its roots in South Africa to a retail empire spanning Australia, Europe and the US. UU

The owner of France- the furniture chain Conforama, Mattress Firm in the USA. UU and Poundland in the United Kingdom said late on Tuesday that CEO Markus Jooste resigned when he appointed auditor PwC to investigate the matter. The shares fell up to 60 percent on Wednesday in Frankfurt, eliminating more than 7 billion euros ($ 8.3 billion) in value.

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