Ackerman family sees $50-million gain from Pick n Pay stake
Pick 'n Pay shares on the JSE have delivered a remarkable year-to-date return of 31.46 percent, enriching shareholders with substantial stakes in the company.
Ackerman Family
South Africa's Ackerman family sees Pick n Pay stake nears $180 million
This offsets earlier losses of $20.15 million between Oct. 7 and 20, when the family’s stake fell from $206.91 million to $186.75 million.
South Africa’s Ackerman family makes $21 million from Pick ‘n Pay stake
The Ackerman family holds a 25.53-percent stake in Pick n Pay, equivalent to 124,677,238 shares.
Led by South African Ackerman family, Pick ‘n Pay suffers $153-million impairment
Pick ‘n Pay’s discount chain, Boxer, was a bright spot, delivering robust sales growth of 16.1 percent despite a challenging economic environment.
South Africa’s Ackerman family makes $11 million from Pick ‘n Pay stake
The recent increase follows a significant gain of $18.5 million between March 15 and April 9, when their stake in the retailer surged to $131.50 million.
South Africa’s Ackerman family loses $64 million as Pick ‘n Pay struggles mount
The downturn in Pick ‘n Pay’s market value coincides with recent financial challenges and legal disputes. The retailer is embroiled in a legal battle with one of its major franchises.
Led by South African Ackerman family, Pick ‘n Pay plans $210-million rights issue, listing of Boxer
Pick ‘n Pay announces plans for a rights issue to raise up to R4 billion ($210 million) and the listing of its discount grocery chain, Boxer.
South Africa’s Ackerman family gains $29 million in 27 days from Pick‘n Pay shares
The Ackerman family, known for their wealth and diverse investments, currently holds a significant 25.53-percent stake in Pick ‘n Pay, equivalent to 124,677,238 shares.
South Africa’s Ackerman family loses $218 million from Pick ‘n Pay shares
For the Ackerman family, this financial loss equates to a year-to-date decline of R3.96 billion ($218.18 million) in the market value of their Pick ‘n Pay stake.