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
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