Wounded PnP fends off circling buyers
CEO Sean Summers says acquisition interest is understandable but his new team is committed to turning the brand around
02 June 2024 - 08:09
The Pick n Pay board has rebuffed several attempts to acquire the struggling retailer, or parts of it, because management is focused on returning one of South Africa’s best-known supermarket brands to its former glory.
That is according to CEO Sean Summers, who said in an interview with Business Times that the acquisition interest came as no surprise given the straits Pick n Pay was in. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.