Struggling retail holding investment company Steinhoff is looking to dispose of one of its best performing assets in discount retailer Pepco. Pepco is an internationally recognised retailer with over 2500 stores expanding over multiple jurisdictions. Steinhoff is still grappling with many of the issues that brought the retail giant to its feet as a result of accounting irregularities that came to light at the latter end of 2017. The company is dealing with a massive debt-burden as well as legal proceedings which are costing the group millions in advisor and audit costs. Although there are some valuable assets under the Steinhoff stable, a number of uncertainties remain surrounding the litigation battles the company finds itself in. We have seen similar situations play out in corporate scandals such as EOH and Tongaat, where the value of the company is somewhat permanently damaged following corporate governance issues.