Pick n Pay
| Pick n Pay Stores Ltd.
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|---|---|
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| legal form | Limited |
| ISIN | ZAE000005443 |
| founding | 1966 |
| Seat | Cape Town , South Africa |
| management | Gareth Ackerman |
| Number of employees | approx. 85,000 (2018) |
| sales | 19 billion rand (2018) |
| Branch | retail trade |
| Website | www.pnp.co.za |
| As of June 22, 2018 | |
Pick n Pay ( spelled Pick 'n Pay until 2007 ) is the largest retailer in South Africa after Shoprite, with headquarters in Cape Town (Kenilworth) and several foreign branches in Botswana , Zambia , Zimbabwe , Lesotho , Namibia and Swaziland .
history
Pick n Pay was founded by Jack Goldin in 1966 after he left the Greaterman retailer to set up his own business. In February 1967 the business with four small branches was sold to Raymond Ackerman , who had parted ways with his retailer Checkers - a subsidiary of Greaterman - with the same intention as Goldin .
Because of the recession and inflation in the 1980s, Ackerman appealed to the governments of the time under Pieter Willem Botha and Frederik Willem de Klerk to moderate their policies.
In 2001 the company bought around 60 Franklin stores and 20 Fresco stores in New South Wales, Australia . The Fresco stores were then renamed Franklin .
By 2001 the company had grown to 206 supermarkets , 14 hypermarkets and 175 other franchise branches. Ackerman was the company's managing director until 2010. He was succeeded by his eldest son Gareth. In 2018, the group was represented with over 1,600 locations in seven countries in Southern Africa . Representations in Nigeria and Ghana are in preparation.
Individual evidence
- ↑ Improve ISIN on ISINdatabase
- ↑ a b c Pick n Pay Stores Ltd .: Integrated Annual Report 2018 ; accessed on July 13, 2019 (PDF)
- ^ Raymond Ackerman : Tribute to Jack Goldin. King of the Click's empire . Private blog, December 1, 2013.
- ^ A b c David S. Fick: Entrepreneurship in Africa: A Study of Successes . Greenwood Pub. Group, Westport CT 2002, ISBN 1-56720-536-4 , pp. 130-133. (books.google.ch)