Ackerman family's Pick n Pay cuts first-half supermarket loss 17% to $31 million
Pick n Pay, the South African grocer built by the Ackerman family, cut its first-half supermarket loss by 16.9% as its Boxer discount chain grew.
Ackerman Family
Ackerman family’s supermarket giant Pick n Pay scraps pay cuts for 22,000 workers
Pick n Pay, built by the Ackerman family, dropped a plan to cut pay and benefits for 22,000 store workers and expects a narrower loss.
Pick n Pay, controlled by Soutgh Africa's billionaire Ackerman family, sells down its Boxer crown jewel to fund a slow turnaround
Pick n Pay has sold down more of Boxer for R4.7 billion, funding a slow turnaround that cost the Ackerman family control of the retailer.
Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall
The opening forms part of Pick n Pay’s turnaround plan, which includes revamping existing outlets, closing weaker stores and introducing new formats.
Ackerman family’s Pick ‘n Pay to close Fourways store
Pick ‘n Pay, partly owned by the Ackermans, exits Fourways as Accelerate sells local malls amid debt-reduction and retail restructuring efforts.
South African multimillionaire Ackerman family steps back from Pick n Pay leadership
South African multimillionaire Ackerman family ends control of Pick n Pay after $171 million loss triggers leadership shakeup.
South Africa’s Ackerman family gains $14.3 million from Pick n Pay stake
Pick n Pay’s recent rally lifts Ackerman family’s stake above $185 million, reversing May losses.
Pick ‘n Pay, backed by Ackerman family, fuels retail recovery in South Africa
The group’s portfolio optimization reflects a growing trend toward efficiency and modernization in South African retail.
Ackerman family sees $13.95 million decline in Pick n Pay stake
The recent dip is a reflection of the growing pressure facing one of South Africa’s most recognizable retail names.
Ackerman family stake tops $180 million as Pick n Pay shares rebound
The family owns 16.71 percent of Pick n Pay, which amounts to 124.68 million shares.
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.
South Africa’s Ackerman family gains $14.25 million as Pick n Pay shares rebound
In just nine days, the family’s stake gained R263.07 million ($14.25 million), clawing back some of last year’s losses.
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.
South Africa’s Ackerman family faces $20 million loss on Pick n Pay shares
The family’s stake, previously valued at R4 billion ($213.8 million), now stands at R3.62 billion ($193.95 million).
Ackerman family sees $50-million gain from Pick n Pay stake
Pick 'n Pay shares on the JSE have delivered a remarkable year-to-date return of 31.46 percent, enriching shareholders with substantial stakes in the company.
South Africa's Ackerman family sees Pick n Pay stake nears $180 million
This offsets earlier losses of $20.15 million between Oct. 7 and 20, when the family’s stake fell from $206.91 million to $186.75 million.