News is out that shares of Steinhoff are collapsing amid 'accounting irregularities' and the CEO's resignation. Steinhoff is the South Africa-based retail empire that acquired MFRM in 2016. MFRM's troubling trends (and profitable short-sell investment) were well documented on these pages - a quintessential debt-fueled retail roll-up disaster. It may be the end of the line for Steinhoff (equity holders at least), especially given the writing on the wall for retailers in general as Amazon takes over the world.
