Steinhoff's 'only way to survive' - slim down, sell assets
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CAPE TOWN (Reuters) - Scandal-hit Steinhoff's only hope for survival is to sell off assets to become a retail-focused holding company, it said on Tuesday, as it fights to recover from a $7 billion (£5.8 billion) accounting fraud and share price crash.Established more than 50 years ago, the firm transformed itself from a small South African outfit to a furniture and household goods retailer straddling four continents before it shocked investors by flagging holes in its accounts in December..