Pepco IPO Is on Hold, Not Off the Table, Steinhoff CFO Says

The transcript discusses the company's debt restructuring and the postponement of the Pepco IPO due to market conditions and COVID-19 impacts. It highlights the performance of European operations, particularly Pepco and Poundland, and identifies France as a trouble spot needing restructuring. The company has faced challenges with auditors and financial reporting, leading to increased advisory fees. The focus is on stabilizing operations and reducing costs to improve cash flow.

What is the current status of the Pepco IPO according to the company's plans?

• It has been sold to another company.

• It is on hold but not off the table.

• It has been permanently canceled.

• It is scheduled for next month.

Which European country is facing significant business challenges according to the transcript?

• Germany

• France

• Spain

• Italy

How did the Pepco and Poundland businesses perform post-lockdown?

• They were sold to another company.

• They closed permanently.

• They showed good trade and liquidity.

• They struggled to recover.

What is the company's focus in terms of product market?

• Luxury goods

• High-end electronics

• Lower-end everyday products

• Automobiles

What restructuring process did the Mattress Firm in the US recently complete?

• Chapter 7 bankruptcy

• Chapter 11 restructuring

• Merger with a competitor

• IPO launch

What was a major factor in delaying the company's financial reporting?

• A change in auditors

• A new product launch

• A natural disaster

• A merger with another company

What is expected to happen to advisory fees after 2020?

• They will be eliminated completely.

• They will increase significantly.

• They will remain the same.

• They will decrease significantly.