SA Inc can learn from Pick n Pay's Ackerman
With the Pick n Pay group in some difficulty currently, Gareth Ackerman was brutally honest in a presentation to shareholders this week.
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With the Pick n Pay group in some difficulty currently, Gareth Ackerman was brutally honest in a presentation to shareholders this week.
Plagued by market share losses to rivals, Pick n Pay, South Africa's once-leading grocer, faces a strategic overhaul led by its new CEO.
After almost six decades, the Ackerman family will give up control of Pick n Pay.
The Ackerman family, which founded South Africa's 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 voting control to fall slightly below 50%, family relinquishes right to nominate chair, CEO and CFO