Raymond Ackerman, the retail icon who founded JSE-listed Pick n Pay, has passed away, the group confirmed in a statement 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. He is survived by his wife, Wendy, children Gareth, Kathy, Suzanne, and Jonathan, his 12 grandchildren and four great-grandchildren,” the retailer said.
Raymond Ackerman: Chairman, Pick n Pay [2008] “His business philosophy was underpinned by the “four legs of the table” [administration, social responsibility and marketing, people, and merchandise, with the customer on top] first introduced to Ackerman by Bernard Trujillo in the US,” it added. Pick n Pay highlighted that Ackerman came from a retailing family, with his father having founded Ackermans after World War 1.
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