Ackerman family gives up control of Pick n Pay
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Ackerman family to give up control of Pick n Pay
After almost six decades, the Ackerman family will give up control of Pick n Pay.
Source: news24.com
Ackerman Investment Holdings to forego majority shareholder voting control of Pick n Pay
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...
Source: bizcommunity.com
Ackerman family steps back from majority control of Pick n Pay
The Ackerman family will no longer have the majority of shareholding control at Pick n Pay, paving the way for renewal at board level.
Source: citizen.co.za
Pick n Pay shake-up focuses on future to counter R3.2bn loss
The retailer, which also posted an interim loss last year, is on track to achieve profitability with its new plan, says CEO Sean Summers.
Source: dailymaverick.co.za