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Pick n Pay Stores

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(Redirected from Pick 'n Pay Hypermarket) Retailer in South Africa For other stores named Pick-n-Pay, see Pick 'n Pay (disambiguation).
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Pick n Pay Stores Ltd.
A blue/pink which named Pick n Pay.
Company typePublic
Traded asJSE: PIK
IndustryRetail
Founded1967; 57 years ago (1967)
FounderRaymond Ackerman
HeadquartersKenilworth, Cape Town, South Africa
Number of locations2,204 (957 company-owned and 747 franchised)
Area servedSouthern Africa
Key people
  • Gareth Ackerman (non-executive chairman)
  • Sean Summers (CEO)
  • Lerena Olivier (CFO)
RevenueIncrease R106.6 billion (2023)
Operating incomeDecrease R1.68 billion (2023)
Net incomeDecrease R1.17 billion (2023)
Total assetsIncrease R42.4 billion (2023)
Total equityDecrease R3.7 billion (2023)
Number of employees90 000 (2023)
Websitewww.pnp.co.za

Pick n Pay Group Ltd. is a South African retailer. It operates three brands – Pick n Pay, Boxer and TM Supermarkets. Pick n Pay also operates one of the largest online grocery platforms in sub-Saharan Africa. Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town in 1967 from Jack Goldin. Since then, the Group has grown to encompass stores across South Africa, Namibia, Botswana, Zambia, Nigeria, Eswatini and Lesotho. Pick n Pay also owns a 49% share of Zimbabwean chain TM Supermarkets.

As of 2023, the company was operating at 2,204 locations across eight countries on the African continent.

References

  1. Pick n Pay website, About Us
  2. ^ "Integrated Annual Report 2023" (PDF). www.picknpayinvestor.co.za. 26 February 2023. Retrieved 10 September 2023.
  3. Hogg, Alec (2023-10-02). "Combative Sean Summers is back at Pick 'n Pay - Gareth Ackerman appoints group's ex-CEO in masterful coup". BizNews.com. Retrieved 2024-01-05.
  4. Cone, Matteo (2013-12-01). "King of the Clicks' empire". Tribute to Jack Goldin. Retrieved 2022-04-23.
  5. "Pick n Pay Stores Ltd.:Integrated Annual Report 2018" (PDF).

External links

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