/ 27 May 2024

Ackerman family to relinquish control of struggling Pick n Pay

Social Distancing Measures At Pick N Pay Stores Ltd. Ahead Of Results
Pick n Pay founding family, the Ackermans, will forgo their majority shareholding in the grocery retailer. (Waldo Swiegers/Bloomberg via Getty Images)
The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit

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