New proceedings against ex-Steinhoff manager. New proceedings at the Oldenburg regional court begin on Monday.
A verdict could come in mid-May. There have already been two verdicts against the ex-manager. The revelation of the balance sheet manipulation almost completely destroyed the company's stock market value in 2017. Steinhoff, founded by Bruno Steinhoff from Westerstede, was long considered Europe's second largest furniture company. The company was known for the Poco chain, which has now been sold to its competitor XXXLutz.