Steinhoff Acquires South African Shoe Retailer as Profit Rises

  • Company agrees to buy Tekkie Town for undisclosed sum
  • Full-year profit attributable to shareholders gains 20%

Steinhoff International Holdings NV said it sees further opportunities for growth in its main markets as the acquisitive South African clothing and furniture retailer announced its latest purchase and reported a 20 percent rise in full-year profit.

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