Skip to content
The Nexus
DossierENTITY

Pick n Pay

Coverage of Pick n Pay in the Nexus archive.

Earliest in view: May 20 · 12:48 UTCMost recent: Jul 11 · 20:11 UTC
Co-mentioned in this coverage
Boxerorganization2South Africaplace2Ackerman familyorganization1Sean Summersperson1Shopriteorganization1Massmartorganization1Cape Townplace1
Recent coverage
  • BUSINESSJul 11 · 20:11 UTCTHE RIO TIMES
    Pick n Pay Sells More of Boxer as Family Era Fades

    Pick n Pay sold R4.7 billion of Boxer, utilizing its discount chain as the Ackerman family's six-decade era concludes. The sale reflects a strategic shift as the family's long-standing influence fades.

  • BUSINESSMay 20 · 12:48 UTCSEMAFOR
    South African grocer Pick n Pay raises nearly $300M

    South African supermarket chain Pick n Pay raised approximately $300 million by selling a 12.5% stake in its discount subsidiary Boxer to address financial losses. The capital injection will support CEO Sean Summers' restructuring efforts including cost cutting and store closures. This share sale reduces Pick n Pay's ownership stake in Boxer to about 53% following Boxer's 2024 IPO.

Pick n Pay · Dossier · The Nexus