Pick n Pay’s acquisition of Boxer ranks as an iconic trade
No retrenchments equals a swathe of brutal concessions
Shares surge 7% on labour deal, higher margins
Woolworths alumni now steering grocery retail rivals
Shoprite, Standard Bank and Capitec make the case for clear CEO succession
Spencer Sonn has his work cut out at the loss-making retailer
Following confusion over media exclusions at recent AGMs, Pick n Pay's Sean Summers and Reinet's Johann Rupert affirm that journalists are welcome
AGMs may be unexciting but often the interplay between shareholders and executives is revealing at these events, which are less choreographed than results presentations.
Chairman James Formby says there’s a strong sense of urgency to the retailer’s turnaround, even as breakeven is further away than hoped