Steinhoff International Holdings NV is an investment company. It operates through the following segments: Retail-International Operations, Retail-African Operations, Manufacturing, Sourcing, Logistics and Corporate Services. The Retail-International Operations segment includes retailing furniture, beds, related homeware and household products. The Retail-African Operations segment offers retailing in furniture, household appliances, consumer electronic goods, home entertainment, office automation and building supplies, and retailer of motor vehicles, vehicle servicing and parts. The Manufacturing, Sourcing, Logistics and Corporate Services segment comprises manufacturing and sourcing interests.

Steinhoff International

Conglomerate

South Africa

The Conglomerates sector refers to the area of the market occupied by large corporations comprised of diverse and unrelated business units. The rise of the conglomerate model began as ambitious businesses keen to expand were unable to grow in their own sector. Firms began acquiring businesses in unfamiliar sectors and diversifying themselves. Conglomerates may be regarded as dinosaurs in the developed world, but in emerging markets, diversified business groups continue to thrive, namely south east Asia. Investors in the west believe that diversification destroys value. However that is changing. Tech companies, with their abundant cash flows, are becoming a new version of the conglomerate, investing in research & development sometimes far afield of their core competencies. Diversified enterprises, by one name or another, will play a big role in the business world for a long time.

Steinhoff International

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