NEWS ANALYSIS: Success of Pick n Pay’s recapitalisation ‘best yet’ in corporate SA
CEO Sean Summers has helped fix the balance sheet after the group reported a R3.2bn loss for the year ended February 2024
30 May 2025 - 05:00
“Don’t hold your breath.” That was the message to banks by Pick n Pay CEO Sean Summers this week, answering the question from investors on whether the retailer will be borrowing money again.
Summers has 4.2-billion reasons for his bravado — a brave face he could only dream of when he returned to lead the group in late 2023, tasked with catching a “falling knife”...
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