South African billionaire Ackerman family set to offload Pick n Pay shares
The Ackerman family plans to sell up to 8.5 percent of Pick n Pay shares to support the retailer’s turnaround efforts.
Pick ‘n Pay
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.
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.