Pick 'n Pay Stores
Pick 'n Pay is the second largest supermarket chain store in South Africa, established in 1967. It can also be found in other regions of southern Africa, such as Botswana, Mozambique, Zambia, Zimbabwe, Lesotho, and Namibia as well as Mauritius and soon to open in Malawi. The founder of the chain was Jack Goldin. Raymond Ackerman purchased three Pick 'n Pay supermarkets (in Cape Town) from Goldin, and served as executive chairman until his retirement in 2010. His eldest son, Gareth, is the current chairman.
Other supermarket store chains in South Africa that are part of the Pick 'n Pay group are Score Supermarkets and Boxer. However, Pick 'n Pay is currently converting Score supermarkets into Pick 'n Pay franchises. This initiative forms the core of Pick 'n Pay's economic empowerment scheme.
Due to a slump in profits, in July 2011 the company told labour unions that it would lay off 3,137 of its 36,673 staff.
Read more about Pick 'n Pay Stores: Rebranding, Australia
Famous quotes containing the words pick, pay and/or stores:
“The well-educated young woman of 1950 will blend art and sciences in a way we do not dream of; the science will steady the art and the art will give charm to the science. This young woman will marry—yes, indeed, but she will take her pick of men, who will by that time have begun to realize what sort of men it behooves them to be.”
—Ellen Henrietta Swallow Richards (1842–1911)
“If you are not willing to lose all the labour you have been at to break the will of your child, to bring his will into subjection to yours that it may be afterward subject to the will of God, there is one advice which, though little known, should be particularly attended. . . . It is this; never, on any account, give a child anything that it cries for. . . . If you give a child what he cries for, you pay him for crying: and then he will certainly cry again.”
—John Welsley (18th century)
“Piles of gold are not as good as stores of grain.”
—Chinese proverb.