Page 2 - Gareth Ackerman News Today

The Ackerman family, which founded South Africas Pick n Pay, will relinquish control of the struggling retailer as part of a revamp aimed at stemming losses, cutting debt and regaining market share. ...

Ackerman Investment Holdings (AIH), the controlling shareholder of Pick n Pay, had provided a firm written confirmation to vote in favour of and to follow their pro rata rights under the anticipated Pick n Pay Rights Offer...

Ackerman voting control to fall slightly below 50%, family relinquishes right to nominate chair, CEO and CFO

CNBC Africa's Fifi Peters is joined by Sean Summers, CEO, Pick n Pay to unpack the numbers.

The Ackerman family will no longer have the majority of shareholding control at Pick n Pay, paving the way for renewal at board level.

New CEO of South Africas third biggest grocery retailer Pick n Pay announced on Monday that over 100 loss-making core supermarket stores will either be closed or converted, in a group-wide... -May 27, 2024 at 11:12 am EDT - MarketScreener

The retailer, which also posted an interim loss last year, is on track to achieve profitability with its new plan, says CEO Sean Summers.

The decision of the Ackerman family to relinquish control of Pick n Pay is generous. Legally, there was nothing obliging the family to make this concession.

Your one-stop shop for all the latest corporate results of South Africa's major companies.

Your one-stop shop for all the latest corporate results of South Africa's major companies.