Pick n Pay, backed by Ackerman family, opens new store after closing 32 locations
This comes barely two months after the company closed 32 stores as part of its restructuring plan.
Pick ‘n Pay
London-based M&G Investment raises holding in Pick n Pay to $117.3 million
The latest move brings M&G’s total holdings in the company above $115 million, underscoring its confidence in Pick n Pay’s turnaround strategy.
Shoprite takes over Pick n Pay’s Hyde Park space—a shift after Raymond Ackerman’s passing
Pick n Pay exits Hyde Park as Shoprite takes over the space for a flagship Checkers FreshX store, reflecting a shift in South Africa’s competitive retail landscape.
Pick n Pay, backed by Ackerman family, shuts more stores across South Africa
The retailer has closed 32 additional stores across the country, signaling its effort to streamline operations and reduce losses.
Pick n Pay secures $471 million in Boxer IPO to drive growth strategy
Boxer's oversubscribed listing marks one of Africa’s largest IPOs in 2024.
Pick 'n Pay’s Boxer subsidiary prepares for historic JSE listing
Discount grocery chain Boxer to launch IPO on Johannesburg Stock Exchange, aiming to raise substantial capital for expansion.
South African billionaire Wendy Ackerman honored as 2024 Hall of Femme inductee by IWFSA
Wendy Ackerman, co-founder of Pick 'n Pay, has been honored as a 2024 Hall of Femme inductee by IWFSA, recognizing her outstanding contributions to business and societal development in South Africa.
Pick n Pay to list Boxer unit in JSE IPO, targeting $451 million
The IPO could raise up to R8 billion ($451.2 million), potentially the biggest public offering in Africa in 2024.
South Africa’s Ackerman family loses $20 million from Pick 'n Pay shares
This follows a previous loss of $36.22 million between July 16 and Aug. 20, when the family’s holding fell from $199.3 million to $163.07 million.
