gareth ackermanlatest news & developments
Way out: Gareth Ackerman will step down as Pick n Pay’s board chairperson and has already relinquished control over making executive appointments. Photo: Dwayne Senior/Getty Images

Ackerman retreat gives Pick n Pay a lift

The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around

  • Eyaaz
6 min read
Redefine currently leases 73 116 square metres to Pick n Pay. (Waldo Swiegers/Bloomberg via Getty Images)

Ackerman family to relinquish control of struggling Pick n Pay

The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read