Raymond Ackerman, who founded Pick n Pay from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers, has died aged 92, the company said on Thursday.
from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers, has died aged 92, the company said on Thursday."It is with profound sadness that we announce the death at the age of 92 of visionary South African, and founder of Pick n Pay, Raymond Ackerman," the company said.
After leaving Greatermans, Ackerman bought four small stores in Cape Town trading under the name Pick 'n Pay. By the time Ackerman retired in 2010 and handed the chairman's reins to son Gareth, Pick n Pay was operating 20 hypermarkets and 402 supermarkets across South Africa, with a group turnover of almost 50 billion rand .
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