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.
Pick N Pay
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.
South African billionaire Christo Wiese blames Pick n Pay's decline on its dividends
Christo Wiese says Pick n Pay's habit of paying out cash rather than reinvesting left it unable to keep pace with Shoprite.
Pick n Pay CEO Sean Summers leans on Boxer as core supermarkets stay flat
Pick n Pay's group turnover grew 2.7%, carried by Boxer, as CEO Sean Summers' turnaround left the core supermarkets flat and a labor dispute unresolved.
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.
Pick n Pay, backed by Ackerman family, posts $6.8 billion revenue in 2025
Pick n Pay, partly owned by the Ackerman family, posted $6.8 billion revenue in 2025 as Boxer growth and recapitalization drove a sharp cut in losses.
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.
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.
Pick 'n Pay plans to open 100 new stores by 2026 as part of expansion strategy
The retailer, partly owned by the South African billionaire Ackerman family, is positioning itself for a recovery following previous financial setbacks.
Pick 'n Pay announces exit from Nigeria amid financial losses
South African retailer offloads stake amid challenging market conditions.
South Africa’s Ackerman family makes $21 million from Pick ‘n Pay stake
The Ackerman family holds a 25.53-percent stake in Pick n Pay, equivalent to 124,677,238 shares.
South African Ackerman family gives up control of Pick n Pay after challenging year
The Ackerman family, led by Gareth Ackerman, currently holds a combined 25.53 percent stake (124,677,238 shares).
Led by South African Ackerman family, Pick ‘n Pay suffers $153-million impairment
Pick ‘n Pay’s discount chain, Boxer, was a bright spot, delivering robust sales growth of 16.1 percent despite a challenging economic environment.
South Africa’s Ackerman family gains $18.5 million from Pick ‘n Pay stake
This surge solidifies the Ackerman family’s position as one of the wealthiest investors on the JSE.