Pepco news and archive

Pepco appoints Trevor Masters as Managing Director

Pepco Group, the pan-European discount variety retailer has announced the appointment of Trevor Masters as Managing Director of the group’s largest trading brand – Pepco, as part of a planned succession process. The company said in a statement that he will succeed Rob Taylor, who joined the group in 2004 and has informed the board earlier this...

Business

South African retail group Steinhoff extends deadline for creditors for the second time

Steinhoff has extended the “early bird fee” deadline for creditors to sign a three-year agreement to hold off their debt claims for the second time. The retailer is looking for ways to restructure its circa nine billion euro debt. Steinhoff saw how growing debt wiped more than 90 percent off its market value and forced it into asset sales to...