Groupeconforama: Steinhoff's Conforama raises $357 million to shore up finances

Bloomberg Steinhoff International Holdings NV said its struggling French furniture retail unit Conforama raised about 316 million euros ($357 million) to help fund the business amid a mounting debt load. The fundraising took place as the South African retailer announced Deputy Chief Executive Officer Alexandre Nodale, who is also CEO of Conforama, is giving up ...