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Sean Summers

Ackerman retreat gives Pick n Pay a lift
Business
/ 1 June 2024

Ackerman retreat gives Pick n Pay a lift

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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Ackerman family to relinquish control of struggling Pick n Pay
Business
/ 27 May 2024

Ackerman family to relinquish control of struggling Pick n Pay

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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Corporate news that made headlines in 2023
Business
/ 20 December 2023

Corporate news that made headlines in 2023

The M&G takes a look back at the share price crashes, the historic leadership changes and the surprising appointments

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Interview: Sean Summers on Pick n Pay’s turnaround
Business
/ 19 October 2023

Interview: Sean Summers on Pick n Pay’s turnaround

The retailer released a grim set of results on Wednesday, which saw its shares plummet more than 14%

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Pick n Pay: Summers is back, but will the Ackermans check out?
Business
/ 7 October 2023

Pick n Pay: Summers is back, but will the Ackermans check out?

The prodigal son’s return may usher in a new era for the retailer, which has languished under the Ackerman family’s control

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Article
/ 16 October 2007

Pick ‘n Pay expects inflation to hit food sales

Chief executive of Pick ‘n Pay Nick Badminton told analysts in Cape Town on Tuesday that although food was often the last to be affected by inflation, "we feel that it will be a little tight in the next six months". He said that internal inflation within the group was showing a 7% increase for the full year, but warned that August showed inflation at 9,5%.

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