The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around
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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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The retailer announced that outgoing Pick n Pay chief executive Pieter Boone would be replaced by Sean Summers, who led the company from 1999 to 2006
The retail giant was known for his role in opposing apartheid-era labour restrictions. But as economic conditions became tough, so did Pick n Pay
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The retail group Ackerman founded described him as a ‘visionary South African’ in a statement released on Thursday
Pick n Pay’s chairperson has called out government’s inaction on resolving the country’s structural economic decline
A new project aims to help integrate small-scale farmers in Limpopo into the formal food supply chain, the Pleiad Foundation said on Thursday.
Pick n Pay’s chairperson Gareth Ackerman on Tuesday expressed his opposition to the Protection of Information Bill.
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/ 17 November 2010
Australia’s competition watchdog has stopped South African grocer Pick n Pay’s sale of Franklins supermarket chain, to prevent creating a monopoly.
Raymond Ackerman, the founder and until now the chairperson of Pick n Pay, handed the keys to his kingdom to his older son Gareth on Wednesday.