Pick n Pay Stores

For other stores named Pick-n-Pay, see Pick 'n Pay (disambiguation).
Pick n Pay Stores Ltd.
Company typePublic
JSE: PIK
IndustryRetail
Founded1967; 57 years ago (1967)[1]
FounderRaymond Ackerman
HeadquartersKenilworth, Cape Town, South Africa
Number of locations
2,204 (957 company-owned and 747 franchised)[2]: 17 
Area served
Southern Africa
Key people
  • Gareth Ackerman (non-executive chairman)
  • Sean Summers (CEO)[3]
  • Lerena Olivier (CFO)
RevenueIncrease R106.6 billion (2023)[2]: 69 
Decrease R1.68 billion (2023)[2]: 69 
Decrease R1.17 billion (2023)[2]: 69 
Total assetsIncrease R42.4 billion (2023)[2]: 73 
Total equityDecrease R3.7 billion (2023)[2]: 73 
Number of employees
90 000 (2023)[2]: 17 
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.[4] 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.[5]

As of 2023, the company was operating at 2,204 locations across eight countries on the African continent.[2]: 17 

References

  1. ^ Pick n Pay website, About Us
  2. ^ a b c d e f g h "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).