South African billionaire Raymond Ackerman and family lose $96 million as Pick ‘n Pay shares bleed on JSE
Ackerman and his family own a 25.53-percent stake in Pick ‘n Pay.
Pick N Pay
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Led by South African Ackerman family, Pick ‘n Pay posts $19 million in profit in H1 2023
The Ackerman family owns a 25.53-percent stake in Pick ‘n Pay.
Led by South African Ackerman family, Pick ‘n Pay reports double-digit increase in retail sales across Africa
The Cape Town-based retail behemoth operates more than 2,000 stores across eight African countries.
South African Ackerman family gains $82 million as Pick n Pay shares soar by double digits
The Ackerman family owns a significant 25.53-percent stake in the leading retailer, totaling 124,677,238 ordinary shares.
Wealthy South African Ackerman family receives $15 million in Pick n Pay dividends
The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
South African Ackerman family makes $105 million in five weeks from stake in Pick n Pay
Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.
Led by South African Ackerman family, Pick n Pay reports $6.67 billion in revenue
The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.
Led by affluent Ackerman family, Pick n Pay posts $20 million in half-year profit as headline earnings surge
However, the retailer’s financial performance was materially impacted by civil unrest in South Africa.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.